Freddie Mac issued Bulletin 2021-2 (Bulletin) announcing revisions to age of tax return requirements, and providing guidance related to income stability for self-employed borrowers. Per the Bulletin, Freddie Mac updated age of tax return requirements to help ensure the most recently filed tax returns are obtained and analyzed when determining a borrower’s stable monthly income. Freddie Mac also provided guidance for determining continued income stability for self-employed borrowers when the most recent calendar year of tax returns is not yet available. The Bulletin went into effect January 15, 2021.
Click to view the Freddie Mac Bulletin 2021-2: https://www.tenaco.com/wp-content/uploads/2021/01/Freddie-Mac-Bulletin-2021-2.pdf
