Freddie Mac issued Guide Bulletin 2016-19 revising Freddie Mac’s income qualification requirements and guidance. The revisions provide additional requirements and guidance on matters that impact the analysis of stable monthly income, such as: industry employment trends (e.g., employment characteristics); determination of stability and calculation of fluctuating earnings; and self-employment. Chapters 5301, 5302, 5303, 5304, 5305 and 5307 of the Single-Family Seller/Servicer Guide have been updated to reflect the revisions. The revisions apply to mortgages with settlement dates on or after March 6, 2017.
Fannie Mae
Fannie Mae Issues Selling Guide Announcement SEL-2025-02
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
April 3, 2025
