Freddie Mac announces updates to the Refi Possible℠ Mortgage, which is available on August 30, 2021, to allow the use of the credit report to determine if the payment history requirements have been met through the last reported mortgage tradeline date, provide a Loan Product Advisor® (LPASM) assessment of the payment history through the date the mortgage tradeline was last reported on the credit report, provide additional requirements for the Seller to establish the payment history between the date the mortgage tradeline was last reported and the note date, and provide eligibility for borrowers who have resolved missed payments due to a COVID-19 forbearance.
