Effective for Freddie Mac loans registered on or after March 1, 2024, Arc Home will align with the changes communicated in Freddie Mac Bulletin 2023-22 for the topic below.

·         Employed Income History, Earnings Types and Income Calculations: Expanded certain requirements and provided guidance related to determining the appropriate income calculation and analysis for employed income. Updates include revised 12-month minimum employment history guidelines for fluctuating hourly earnings, clarified employed income requirements and calculation, and modified fluctuating income calculation and trend analysis requirements. Refer to Freddie Mac Selling Guide 5303.2, Selling Guide 5303.3 and Selling Guide 5303.4 for complete details.