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SEL 11-4: Bulletin 2011-4 (Selling and Servicing)

With Single-Family Seller/Servicer Guide ("Guide") Bulletin 2011-4 (Selling and Servicing), Freddie Mac is making the following changes to their selling requirements: (1) lowering the maximum loan-to-value (LTV), total LTV (TLTV) and Home Equity Line of Credit TLTV (HTLTV) ratios to 95% for all conventional Mortgages; this applies to Home Possible Mortgages® and certain negotiated terms; (2) adding new Guide Section 12.3.1, Guide Plus Additional Provisions, that includes information and requirements specific to Guide Plus, along with new Guide Form 905, Guide Access Manager Identification and Certification Form; and (2) removing the requirement that, in certain circumstances, Sellers deduct the cost of financing and sales concessions from the appraised value.

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