Renovation costs can be added to specific rehab loans offered through the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac for borrowers meeting specified criteria, such as down payment amounts, project scopes, credit scores, and other requirements. Loan Product Advisor – the cornerstone of Freddie Mac Loan Advisor ® – gives you access to Freddie Mac requirements and the tool's view of credit risk so you can easily assess your loan’s overall underwriting risk. Read More Originate & Underwrite. The key features promote consistency, efficiency, transparency, and flexibility: Learn More Multifamily Legal Guidelines: Review the legal guidelines before downloading Loan Documents and Guide Forms & Exhibits files. The following mortgages are eligible for a modification under the Home Affordable Modification program (HAMP): First-lien mortgages owned, guaranteed, or securitized by Freddie Mac that are single-family 1- to 4- unit primary residences, including condos, cooperatives, Single-Family Seller/Servicer Guide (Guide) – eligible manufactured homes, and our negotiated conforming jumbo mortgages. Here are useful job aids and other resources that are conveniently accessible 24/7: Sign up at Freddie Mac Learning to view webinars and self-paced tutorials to help you with originating and underwriting mortgages.. Freddie Mac publishes RNYs for various programs and commitment periods. Freddie Mac Multifamily's servicing approach is unique in the industry and focuses on creating a positive customer experience throughout the life of each loan. These RNYs represent the interest that Freddie Mac must receive if purchasing a Mortgage for cash under the specific program and commitment period at a par price. The Required Net Yield (RNY) is the amount of interest Freddie Mac receives from each Mortgage that it purchases. These new loan documents improve transactional and operational efficiency both internally and externally, reduce redundancies, and provide greater consistency and uniformity in the mortgage loan documents going forward.
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