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At any time after filing the initial Form 104 but must be submitted within 60 days of the REO sale date. The supplemental Form 104 may be used during the REO holding period whenever accumulated non-reimbursed expenses exceed 500 single-family or 1 500 Multifamily. N Final. The final Form 104 must be received by Freddie Mac within 30 days after the settlement date relating to the sale of the REO and is filed to request reimbursement of expenses in...
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How to fill out freddie mac form 104
How to fill out freddie mac form 104
01
Gather necessary documents: Prepare your financial information, including income statements, employment history, and relevant identification.
02
Access the form: Download Freddie Mac Form 104 from the official Freddie Mac website or obtain a physical copy from your lender.
03
Fill out personal information: Enter your name, address, and contact information at the top of the form.
04
Provide employment details: Include information about your current employer, job title, length of employment, and income.
05
Report additional income: If applicable, fill out details about any additional income sources, such as bonuses or rental income.
06
Detail asset information: List your assets, including bank accounts, retirement accounts, and real estate.
07
Disclose liabilities: Provide information about your current debt obligations, such as mortgages, credit cards, and loans.
08
Review all entries: Double-check your information for accuracy and completeness to avoid delays.
09
Sign and date the form: Make sure to sign and date the form where indicated before submission.
10
Submit the form: Send the completed form to the appropriate lender or Freddie Mac.
Who needs freddie mac form 104?
01
Individuals looking to secure a mortgage or refinance an existing mortgage through Freddie Mac.
02
Homebuyers who need to demonstrate their financial stability and qualify for a loan backed by Freddie Mac.
03
Lenders and mortgage brokers who need to collect and verify borrower information for loan applications.
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What is freddie mac form 104?
Freddie Mac Form 104 is a standard form used by lenders to report information about mortgage loans to Freddie Mac, a government-sponsored enterprise that supports mortgage lending.
Who is required to file freddie mac form 104?
Lenders or mortgage servicers that sell or service mortgage loans to Freddie Mac are required to file Form 104.
How to fill out freddie mac form 104?
To fill out Freddie Mac Form 104, lenders must provide specific loan details, borrower information, property information, and financial statistics as outlined in the instructions provided with the form.
What is the purpose of freddie mac form 104?
The purpose of Freddie Mac Form 104 is to facilitate the accurate reporting of mortgage loan information, enabling Freddie Mac to track loan performance and manage risk associated with the loans it purchases.
What information must be reported on freddie mac form 104?
Information that must be reported on Freddie Mac Form 104 includes loan amount, interest rate, term, borrower names, property address, and any relevant financial details regarding the mortgage.
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