Freddie Mac is set to release their first ‘hard stop’ proprietary messages and four new feedback messages at the end of this month (June 30th). Mercury Network customers are ready.
These new hard stops and messages will work the same way that Fannie Mae and UCDP events do in Mercury Network. They will be labeled RED indicating if they are a hard stop, and labeled purple to indicate they are a Freddie Mac proprietary message.
The audit trail entry will be specific to the GSE so you can see where you stand immediately.
To read more about the changes, visit Freddie Mac's page here.
The new hard stops include:
The new feedback messages include:
