AC-018 Multiple Updates
NOTICE TO ALL CUSTOMERS
Important Agency Updates
FLCBank is notifying customers of various updates and changes in the loan programs listed below.
7/6 and 10/6 ARM – Conventional Loans
We have been made aware of guidance affecting FNMA and FHLMC 7/6 and 10/6 ARM loans with state-based restrictions. The grid below describes the changes in our Fannie Mae and Freddie Mac 7/6 and 10/6 ARM information and HPML eligibility accordingly. These changes are effective immediately.