Freddie Mac: Changes to Investor Reporting

Similar to the processing changes implemented in February 2017 for Fannie Mae, we have completed the required processing changes for Freddie Mac that will be effective with the May 2019 reporting cycle.  Training will be offered in late April for those credit unions who offer Freddie Mac loans.  Here is a highlight of the changes:

  • Moving to an industry standard monthly investor reporting cycle beginning the first of the month.
  • Allowing for daily loan-level reporting and editing.
  • Adopting a single common remittance due date for principal and interest on all loans (excluding payoffs).
  • Drafting funds due from the CU directly on the remittance due date.

More information is available on the Freddie Mac site.

The chef for this recipe is Karen Sorensen.

Updated
March 12, 2019

Have you checked out the NCUA’s proposed 5300 Call Report changes?

Have you checked out the NCUA’s proposed 5300 Call Report changes?

Have you checked out the NCUA’s proposed 5300 Call Report changes yet?  The changes are targeted for March 2019, and the NCUA wants your feedback! The overall theme is modernization and simplification in order to reduce the reporting burden for credit unions.  Check out the 5300 Call Report Tools kitchen page for a highlight of… Read more »

Feb 15, 2018