New Guide Bulletin Published
With this Multifamily Seller/Servicer Guide (Guide) Bulletin, we are announcing a few Guide changes, including:
- Requiring environmental consultants to submit certain required radon data elements to the designated data collection website
- Updating Form 1140 and Form 1140DR
- Requiring seller/servicers notify Freddie Mac of any news articles or recent events that could reflect adversely upon the borrower, any borrower principal or the property
- Requiring remediation of most audit findings within 180 days of issuance of the final audit report
- Updating Form 483M
- Updating the Borrower Certification forms required for notifying Freddie Mac of required repairs and completion of restoration of the property
Read the details and other changes in this Guide Bulletin.
If you have any questions, please contact your Freddie Mac representative or email the Multifamily Guide Team.