Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed to assist lenders in determining the borrower’s stable monthly income. Eligible income includes employed earnings using paystubs and W-2 data, and self-employed income using tax returns or tax transcript data.
In addition, Freddie Mac:
- Indefinitely delayed the effective date related to the flood insurance premium to be used in qualification announced in Bulletin 2024-07, and extended in Bulletin 2024-12 (previously set to apply to mortgages with Note dates on or after April 1, 2025);
- Updated the notes for ULDD Data Points Bedroom Count (Sort ID 77) and Property Dwelling Unit Eligible Rent Amount (Sort ID 78) to more closely align with the requirements for subject properties valued by a full appraisal or hybrid appraisal;
- Updated Exhibit 4A to reflect changes to the West Virginia Deed of Trust; and
- Refactored Chapters 4201 (General Mortgage Eligibility), 4205 (Government funded, guaranteed or insured Mortgages), 4408 (Mortgages Made Pursuant to Employee Relocation Programs), and 4702 (Title Insurance).
Revisions related to the Freddie Mac Income Calculator are effective for Freddie Mac Income Calculator submissions and Loan Product Advisor submissions and resubmissions on or after May 11, 2025. All other revisions are effective April 2, 2025.
Click here to view the Freddie Mac Guide Bulletin 2025-4: https://www.tenaco.com/wp-content/uploads/2025/04/Freddie-Mac-Guide-Bulletin-2025-4-04-02-25.pdf
