Among many other issues, the shutdown would pause authorization for new flood insurance policies under the National Flood Insurance Program, potentially impacting home sales.
Much of the decline was the result of a change in how Freddie Mac classifies loans subject to a repurchase claim for which the seller has provided a remedy.
The average estimated guarantee fee on Freddie’s new single-family business in the third quarter was 57 basis points, up 3 bps from the second quarter.
Beginning Dec. 9, servicers must use Freddie’s Resolve default management tool to complete the following actions: charge-offs, foreclosure sale reporting, custom modifications, deed-in-lieu of foreclosure and third-party foreclosure sale settlements.