Freddie Mac Update for UltraAMPS

CSD recently signed an Agreement with TransChicago for access to their Freddie Mac Interface for the benefit of all of our UltraAMPS users. The development of this Interface is proceeding without issue, and has an expected availability in the first quarter 2005.

The new UltraAMPS interface to TransChicago will allow the re-issuing of merged reports processed for Fannie Mae under the NCRA/CSD Fannie Mae Affiliation Program to be re-issued to Freddie Mac via the TransChicago Interface. This new architecture will provide all UltraAMPS Users with the additional feature of Freddie Mac access without any change to their current Fannie Mae connection.

We are also pleased to announce that there will be no re-issue transaction fee charged by CSD for files re-issued to Freddie Mac over this Interface.

Please watch for future AMPSNews Updates regarding the availability of this exciting new Interface, or feel free to contact our Interface Coordinator, Anthony Battista, at abattista@cbct.com for additional information .