AC-013 Important Conventional Credit Updates

NOTICE TO ALL CUSTOMERS

 

Important Conventional Credit Updates

 

This bulletin provides a summary of important updates being made to several sections of FLCBank’s conventional

underwriting guidelines.

 

Fannie Mae and Freddie Mac

Interested Party Contributions (IPCs)

The GSEs announced updates to their definitions related to Interested Party Contributions (IPCs) and are updating the related requirements to provide greater clarity around this topic which include:

 

CLICK HERE TO DOWNLOAD THE COMPLETE BULLETIN

-->