Freddie Mac has introduced a Low Loan Balance Execution Opportunity that will officially kick off next month. The company Made the update via a recent update sharing all of the logistics.
"Beginning on February 1, 2018, you’ll have a new cash execution opportunity for 30-year fixed rate mortgages with original balances of $200,000 or less," according to Freddie Mac.
"We're adding $200K as a low loan balance (LLB) attribute and will pay you more for loans with original loan amounts that are >$175K and ≤$200K. Loan Selling AdvisorSM will begin displaying the cash payup information for this loan attribute in both the PDF and XML grids which we update daily. The information will be reflected in basis points across various note ranges."
The company does state that you must be following the manual trade process at the moment in order to take advantage of the offer.
To learn more about the offer and why the manual trade process is necessary requirement at the moment, click on the image above.