Freddie Mac issued Bulletin 2025-12 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac:
- Increased the maximum loan-to-value (LTV), total LTV (TLTV), and Home Equity Line of Credit TLTV (HTLTV) ratios to 95% for “Accept” mortgages that are purchase or “no cash-out” refinance transactions secured by a 2- to 4-unit Primary Residence. Manually underwritten mortgages and super conforming mortgages are not included in this update;
- Adjusted reconsideration of value (ROV) requirements by eliminating the dual disclosure requirement to only require that a disclosure is provided to the borrower(s) upon delivery of the appraisal report and by revising the current documentation retention requirements to only require documentation related to the outcome of the ROV to be retained in the mortgage file;
- Updated Guide Exhibit 4A (Single-Family Uniform Instruments) to reflect changes to the Maine Mortgage Electronic Registration System (MERS) assignment;
- Updated Exhibit 43 (Cash-Released XChange Document Custodians) to reflect a change to a specific Document Custodian number;
- Refactored chapters 6202, 6306, 6307, and 6401; and
- Clarified that with the refactoring of Section 5902.6 announced in Bulletin 2025-6 and relocated into new Section 5501.8, FHLMC inadvertently placed requirements related to the documentation of large deposits when using automated asset assessment with Loan Product Advisor in the incorrect part of the section. With this update, FHLMC is relocating the requirements to the correct location in Section 5501.8.
All revisions went into effect September 3, 2025.
Click to view the Freddie Mac Guide Bulletin 2025-12: https://www.tenaco.com/wp-content/uploads/2025/09/Freddie-Mac-Guide-Bulletin-2025-12-09-03-25.pdf
