Five Brothers

Freddie Mac Bulletin 2013-26: Changes to Postsettlement Delivery Fees

Bulletin Number 2013-26

December 16, 2013


TO: Freddie Mac Sellers



On December 9, 2013, the Federal Housing Finance Agency (FHFA) directed Freddie Mac to:

  • Raise its guarantee fees by 10 basis points for all single-family Mortgages
  • Increase certain risk-based postsettlement delivery fees (“delivery fees”) on single-family Mortgages
  • Eliminate the 25 basis point Market Condition delivery fee, except in four States


Sellers can review the press release issued by FHFA announcing these changes at:


As a result, this Single-Family Seller/Servicer Guide (“Guide”) Bulletin announces:

  • The elimination of the Market Condition delivery fee, except for Mortgages secured by Mortgaged Premises located in the States of Connecticut, Florida, New Jersey and New York
  • An increase in Indicator Score/Loan-to-Value (IS/LTV) delivery fee rates


The 10 basis point guarantee fee adjustment will be handled through individual contract amendments with our Sellers. We will implement a commensurate change in our Cash program pricing.


Additionally, we are making several changes to our buyup and buydown terms.




The changes announced in this Bulletin are effective for Mortgages with Settlement Dates on or after April 1, 2014, except for the guarantee fee changes.


The guarantee fee changes are effective for Guarantor and Multilender settlements on or after April 1, 2014 and the commensurate price change for Mortgages delivered under the Cash program is effective for commitments entered into on or after March 1, 2014.




We are eliminating the Market Condition delivery fee for Mortgages we purchase, except for Mortgages secured by Mortgaged Premises located in Connecticut, Florida, New Jersey and New York.


Guide Section 23.4, Maximum LTV, TLTV and HTLTV Ratios, and Guide Exhibit 19, Postsettlement Delivery Fees, have been updated as a result of this change.




We are increasing IS/LTV delivery fee rates by varying amounts, ranging from no change to 150 basis points. These delivery fee rate changes will apply to all Mortgages subject to IS/LTV delivery fees, including Freddie Mac Relief Refinance MortgagesSM, which continue to be subject to the Relief Refinance Mortgage Delivery Fee Cap specified in Exhibit 19.


Please click here to view the online Bulletin in its entirety