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TO: Freddie Mac Sellers March 31, 2020 20208SUBJECT: SELLING GUIDANCE RELATED TO COVID-19 We continue to work closely with Fannie Mae under the guidance of the FIFA to address the ongoing economic
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Determine your current level of flexibility to buy. Assess how much flexibility you have in terms of budget, payment options, and negotiation power.
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Increased flexibility to buy refers to enhanced options or capabilities granted to individuals or entities that allow for a more adaptable approach in purchasing decisions.
Entities or individuals who are engaging in transactions that exceed certain thresholds or who meet specific criteria established by regulatory authorities are required to file increased flexibility to buy.
To fill out increased flexibility to buy, individuals or entities must complete the designated forms, providing all requested information accurately, and ensure all necessary documentation is attached.
The purpose of increased flexibility to buy is to provide more options for purchasing, improving accessibility and enhancing consumer choice in the market.
Required information typically includes the buyer's identification, details of the transaction, financial information, and any relevant compliance documents.
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