Specific amounts include $650 for preparing and recording a loan released after a deed-in-lieu of foreclosure gets completed, according to a bulletin. The limit for a premediation conference is $350 when there's a determination after it's held that an initial hearing isn't necessary. 

Limits for attorney fees related to bankruptcy services now go as high as $1,350 for a  Chapter 11, 12 or 13 motion for relief from stay. Bankruptcy cases must be closed prior to filing the motion and be documented as required. That's up from 2022, when that maximum was $1,150.

Freddie additionally is allowing fee reimbursement related to judicial foreclosures in Massachusetts up to $4,800. Massachusetts has historically offered two paths to foreclosure, one that is judicial and another that is not.

Freddie also will be updating expense codes for postponing foreclosures starting July 28. The government-sponsored enterprise has updated the foreclosure sale reporting template on its Resolve default-management technology interface with new requirements effective June 30. 

The reporting is time sensitive.

"Servicers must upload the foreclosure sale reporting template in Resolve no later than the business day immediately following the date of the foreclosure sale," according to Freddie Mac.

Mortgage companies also face monetary penalties of $100 per day when foreclosure sale reporting is incorrect. Servicers must go through a formal rollback process to request corrections or removals of reported information.

After the foreclosure sale is complete, servicers can discontinue electronic data reporting process for monthly delinquency and default information, according to Freddie's bulletin.