News

Correspondent ALERT – FEMA Disaster Declaration for Oklahoma

Date:

FEMA has issued a disaster declaration for the Oklahoma counties identified in the list. Effective
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Delegated Correspondent Lock Policy Update

Date:

Arc Home is excited to announce the following update to the Delegated Correspondent lock policy, effective
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Correspondent Funding Fee Reduction

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Effective for loans purchased on or after April 16, 2024, Arc Home is reducing the Correspondent Funding Fee
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Correspondent ALERT – Subservicer Update for FNMA/FHLMC Second Home & Investment Property Programs

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Effective for loans purchased on or after April 1, 2024, the subservicer is changing for all FNMA/FHLMC 30 YR
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Correspondent ALERT – Updated Arc Home Overlays

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The Arc Home Overlays for ALL Conventional and Government loan programs have been updated to indicate that
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Correspondent ALERT – FEMA Disaster Declaration for Maine and Rhode Island

Date:

FEMA has issued disaster declarations for the Maine and Rhode Island counties identified in the table.
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Correspondent ALERT – Updates to Edge Non-QM Eligibility and Access & Edge Guidelines

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Edge Non-QM – Eligibility Updates Arc Home is excited to announce eligibility expansions and updates
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Arc Home ALERT – Updates to Transferred Appraisal Policy and Freddie Mac Guidelines

Date:

Freddie Mac Effective immediately for all Freddie Mac loans, Arc Home will align with the changes
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Correspondent ALERT – Subservicer Update for FNMA/FHLMC Second Home & Investment Property Programs

Date:

Effective for loans purchased on or after April 1, 2024, the subservicer is changing for all FNMA/FHLMC 30 YR
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ALERT – Updates for Freddie Mac Guidelines

Date:

Effective for Freddie Mac loans registered on or after March 1, 2024, Arc Home will align with the changes
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Correspondent ALERT – FEMA Disaster Declaration for California

Date:

FEMA has issued a disaster declaration for the California county identified in the list. Effective
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ALERT – Update for Freddie Mac Guidelines

Date:

Effective for Freddie Mac loans with a submission to Condo Project Advisor (CPA) on or after February 26,
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Correspondent ALERT – Clarification for Access Non-QM Alt Income Eligibility

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The Access Non-QM Alt Income program matrix has been updated to clarify several points of eligibility, as
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Correspondent ALERT – Update to Access, Edge & Elite Guidelines – CORRECTION

Date:

The Arc Underwriting Guide was updated within the New York Subprime topic for the Correspondent Access, Edge,
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Correspondent ALERT – Update to Access, Edge & Elite Guidelines

Date:

The Arc Underwriting Guide was updated within the New York Subprime topic for the Access, Edge, and Elite
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