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Financial Services Law Insights and Observations

Freddie Mac updates Covid-19 FAQs

Federal Issues Covid-19 Freddie Mac Underwriting Loan Origination Mortgages

Federal Issues

On July 29, Freddie Mac updated its Covid-19 frequently asked questions regarding mortgage origination, underwriting, and loan eligibility for sellers. The update addresses questions regarding, among other things, (i) obtaining 2019 tax returns; (ii) borrower creditworthiness; (iii) construction conversion and renovation mortgages; and (iv) appraisal reports. Previous InfoBytes coverage on FAQ updates is available here.

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