Freddie Mac announces new and updated Loan Product Advisor® (LPASM) feedback messages, effective in November, to provide more clarity and transparency on source types, purchase credit types, the maximum number of proposed housing expenses, and more – based on your unique loan scenarios; to align with the change to long-term disability income requirements announced in Guide Bulletin 2021-16; to update messages for single-wide manufactured homes and Freddie Mac Home Possible® announced in Guide Bulletin 2021-29; to introduce new collateral representation and warranty relief message specific to appraisal waivers and Texas Homestead laws.
