Freddie Mac issued Bulletin 2022-3 (Bulletin) to end temporary COVID-19 related requirements for borrowers with self-employment income, provided the most recent federal income tax returns are not older than 2020. If a self-employed borrower’s most recent federal income tax returns are dated prior to 2020, lenders must continue to apply the temporary COVID-19 related requirements. Note that the temporary requirements for verifying that a borrower’s business is open and operating within 20 business days prior to the note date continue to apply. The Bulletin is effective immediately.
Click to view the Freddie Mac Guide Bulletin 2022-3: https://www.tenaco.com/wp-content/uploads/2022/02/Freddie-Mac-Guide-Bulletin-2022-3-02-02-22.pdf
