- Jan 13, 2002
- Professional Status
- Retired Appraiser
More about this soon.
Freddie Mac is providing specific guidance regarding the use of the Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index to improve the identification of declining markets in order to assist lenders in determining whether a reduction in maximum financing is required. Please see page 6 for the formula to apply to the OHFEO HPI in order to identify declining markets at the MSA level.
Please note that we are also announcing that we will assess a delivery fee of 30 basis points for all Mortgages with loan-to-value/total LTV ratios greater than or equal to 80% and credit scores less than 740, including Mortgages sold with recourse and indemnification.