This Guide Bulletin announces:
Increases to the LTV/TLTV/HTLTV ratios for purchase and “no-cash-out” refinance Mortgages secured by second homes and 2-unit Primary Residences
- An increase in the maximum loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit (HELOC) TLTV (HTLTV) ratios for second homes and 2-unit Primary Residences
Condominium Projects
- Elimination of the project review type for 2- to 4-Unit Condominium Projects – June 28, 2018
- Updates to our requirements for Freddie Mac-owned “no cash-out” refinance Condominium Unit Mortgages
- Updates to our requirements relating to the marketing of units in New Condominium Projects
- No longer requiring delivery of certain ULDD Data Points for Mortgages secured by units in Detached Condominium Projects
Opinions of title for Mortgages secured by a unit in a Planned Unit Development
- Updates to our requirements to allow an attorney’s opinion of title
Additional Guide Updates
- Credit Fees in Price for Home Possible® Mortgages
- Uniform Loan Delivery Dataset Phase 3
- Contact information for The Bank of New York Mellon Trust Company, N.A.
- Exhibit 4, Texas Home Equity Uniform Instruments