New Industry Announcements From Freddie Mac

April 5, 2002

Seller/Servicer Bulletin 2002-3. Topics includes:
Revising Balloon/Reset Mortgage;  payment via Automated Clearing House; reduce documentation

Reducing the amount of documentation required from a Borrower who received a loan modification under our loan modification program and subsequently becomes delinquent on the modified Mortgage

Updating and relocating our ARM conversion process requirements

Revising requirements regarding REO Manager and Custodial Account remittances

Industry Letter:  New York Mortgages (4/5/02)
Industry Letter: Mold in Texas (4/5/02)

Source: Freddie Mac


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.