Freddie Mac Guide Bulletin 2020-38 Selling Updates

October 07, 2020

Freddie Mac Guide Bulletin 2020-38 announces updates to Home Equity Line of Credit (HELOC) calculation options; flexibilities on Planned Unit Development (PUD) Homeowners Association insurance verification and updates to the PUD Guide chapter for ease of use; updates to requirements for Mortgages and eMortgages executed by a power of attorney; updated delivery requirements of electronic documents and revisions to mortgages eligible as eMortgages; Loan Product Advisor feedback; Remote Online Notarization (RON); and tax-exempt Social Security income.

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