Freddie Mac Bulletin 2013-16 notified lenders that mortgages with Application Received Dates on or after January 10, 2014 must be fully amortizing.
ConformX users have not printed loan packages through the Freddie Mac interest only programs for months. Effective October 8, 2014, the following Freddie Mac programs will no longer be available for use in ConformX:
83856 Conventional Fixed Interest Only (10-30 Yr. Amortization)
94945 3/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 2/2/6
83972 3/1 LIBOR ARM Interest Only for 36 months Non-Convertible- 2/2/6
97678 3/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 2/2/5
94944 3/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 2/2/6
97679 3/1 Treasury ARM Interest Only for 36 months Non-Convertible – 2/2/5
83971 3/1 Treasury ARM Interest Only for 36 months Non-Convertible – 2/2/6
97680 5/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 2/2/5
94946 5/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 2/2/6
97681 5/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 5/2/5
94947 5/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 5/2/6
97682 5/1 LIBOR ARM Interest Only for 60 months Non-Convertible – 2/2/5
83980 5/1 LIBOR ARM Interest Only for 60 months Non-Convertible – 2/2/6
97683 5/1 LIBOR ARM Interest Only for 60 months Non-Convertible – 5/2/5
83976 5/1 LIBOR ARM Interest Only for 60 months Non-Convertible – 5/2/6
97684 5/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 2/2/5
94948 5/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 2/2/6
97685 5/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 5/2/5
94949 5/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 5/2/6
97686 5/1 Treasury ARM Interest Only for 60 months Non-Convertible – 2/2/5
83979 5/1 Treasury ARM Interest Only for 60 months Non-Convertible – 2/2/6
97687 5/1 Treasury ARM Interest Only for 60 months Non-Convertible – 5/2/5
83973 5/1 Treasury ARM Interest Only for 60 months Non-Convertible – 5/2/6
97688 7/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 5/2/5
94950 7/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 5/2/6
97689 7/1 LIBOR ARM Interest Only for 84 months Non-Convertible – 5/2/5
83977 7/1 LIBOR ARM Interest Only for 84 months Non-Convertible – 5/2/6
97690 7/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 5/2/5
94951 7/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 5/2/6
97691 7/1 Treasury ARM Interest Only for 84 months Non-Convertible – 5/2/5
83974 7/1 Treasury ARM Interest Only for 84 months Non-Convertible – 5/2/6
97676 10/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 5/2/5
83978 10/1 LIBOR ARM Interest Only for 10 Yr. Non-Convertible – 5/2/6
97677 10/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 5/2/5
83975 10/1 Treasury ARM Interest Only for 10 Yr. Non-Convertible – 5/2/6
If you have any questions or concerns about the removal of these programs, please contact Client Support at 1.800.497.3584.
October 3, 2014