Freddie Mac issued Bulletin 2025-11 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac:

• Added language to clarify requirements for the application of buydown funds for mortgages with temporary subsidy buydown plans for servicers when processing relief and workouts;
• Clarified the requirements for servicers on the application of buydown funds when processing a reinstatement, repayment plan, Payment Deferral, Disaster Payment Deferral, Freddie Mac Flex Modification, and deed-in-lieu of foreclosure by updating the requirements in the respective sections of the Guide for these relief and workout options and covering the following:
  • Application of buydown funds when processing a loss mitigation workout option;
  • Application of buydown funds upon completion of a loss mitigation workout option;
  • Handling of buydown funds upon the end of the buydown term or liquidation of the mortgage; and
  • Requirements for modifying evaluation notices for a repayment plan and Freddie Mac Flex Modification in accordance with existing Guide requirements;
• Announced new requirements for notifying borrowers of upcoming payment changes for mortgages with temporary subsidy buydown plans in accordance with the applicable buydown agreement and the requirements in Guide Section 4204.3 (Temporary Subsidy Buydown Plans);
• Announced new Guide Section 8504.2 (Outreach Requirements for Mortgages with Buydown Plans) which specifies that the servicer must send notifications detailing any respective payment change to the borrower 90 days prior to the applicable payment change for the mortgage with a temporary subsidy buydown plan;
• Updated payment reminder notification requirements by requiring servicers to send late notices/reminder letters to delinquent borrowers no later than the 20th day of the month (19th day of delinquency);
• Announced in Bulletin 2025-8 new allowables for sale postponements effective July 28, 2025. FHLMC has corrected Exhibit 57A (Approved Attorney, Foreclosure, Mediation, Postponement Fees and Title Expenses), for the state of California by changing the footnote reference from “12” to “11”;
• Provided additional clarification when a repayment plan has failed;
• Updated FHLMC’s short sale fraud reporting requirements;
• Updated Guide Section 8404.1 (Servicing Mortgages Impacted by a Disaster) to state that if the servicer believes forbearance beyond a total of 12 months or 12 months of delinquency is warranted, the servicer should make that recommendation to Freddie Mac by submitting a Forbearance Extension Request in Resolve (the Guide previously stated that servicers should send an e-mail following requirements in Directory 5); and
• Refactored Chapters 8301 (Basics of Investor Accounting), 8303 (Reporting and Drafting Requirements), 8304 (Managing Custodial Accounts), 9101 (Delinquency Management for Mortgages Secured by Primary Residences), 9102 (Delinquencies), 9203 (Reinstatements and Relief Options), 9206 (Modifications), 9208 (Freddie Mac Standard Short Sale), and 9209 (Freddie Mac Standard Deed-in-Lieu of Foreclosure).

Revisions related to temporary subsidy buydown plan requirements are effective November 11, 2025. Revisions related to payment reminder notification requirements are effective December 1, 2025 (however, servicers are encouraged to implement immediately). All other revisions went into effect August 13, 2025.

Click to view the Freddie Mac Guide Bulletin 2025-11: https://www.tenaco.com/wp-content/uploads/2025/08/Freddie-Mac-Guide-Bulletin-2025-11-08-13-25.pdf