Freddie Mac Holds Off on Rental Income Requirement Changes

Freddie Mac has pushed back the effective date for the revised rental income requirements highlighted in the Single-Family Seller and Servicer guide bulletin from December 2017.

"The revised requirements will now be effective for mortgages with Freddie Mac settlement dates on and after November 30, 2018, rather than February 9, 2018, as originally announced," said the company, in a recent newsletter.

"The extension will provide us the opportunity to further review your feedback and consider if there are requirements that could be fine-tuned through additional specificity and/or revision for your ease of use."

For more on the time change and how you can contribute to the growing number of feedback Freddie Mac is receiving, click on the image above.

#FreddieMac #RentalIncomeRevisions #RentalIncomeRequirements #EffectiveDate #Changes #Updates

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