Freddie Mac issued Guide Bulletin 2016-13 (Bulletin). The Bulletin: provides servicers additional flexibility when filing for relief from the automatic stay of bankruptcy; removes the need to suspend foreclosure proceedings in certain instances upon receipt of a complete Borrower Response Package; eliminates the need to separately track senior subordinate mortgages and allows more flexibility in their transfer; provides greater clarity on expectations for property valuations when evaluating borrowers for certain loss mitigation options; and amends requirements with respect to obtaining Freddie Mac’s prior approval before starting or intervening in certain legal actions or strategies.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
