Loan impact
Summarized from the announcement · verifiedApplies to: All loans requiring personal guarantees purchased by the investor on or after May 8, 2026.
- Addressed to
- Arc Home correspondent sellersFrom the publisher, not quoted from the text
- Investor
- ArchomeFrom the publisher, not quoted from the text
- Affected area
- Contracts
- Affected documents
- Personal Guarantee; Collateral Package
- Effective
- Settlement dates on or after May 8, 2026
- Applicability confidence
- Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted
Summary by AWACS. Arc Home's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the announcement| Requirement | Previously | Now |
|---|---|---|
| Original personal guarantee submissionNewRequired | Not stated | Lenders must ship original physical personal guarantees executed with wet signatures to the custodian as part of the collateral file. |
What to do
AWACS interpretation · not source languageWhat to review: Review collateral packaging procedures to ensure original physical personal guarantees with wet signatures are shipped to the custodian for applicable loans purchased on or after May 8, 2026.
Obtain original wet-signed personal guarantee documents for relevant loans scheduled for purchase on or after May 8, 2026.
Deliver original physical personal guarantees executed with wet signatures to the custodian in collateral shipments for loans purchased starting May 8, 2026.
Update delivery instructions to require original wet-signed personal guarantees in collateral files for loans purchased on or after May 8, 2026.
QC implications
- Sample collateral shipments for applicable loans purchased on or after May 8, 2026, to verify that original wet-signed personal guarantees are delivered to the custodian.
Source and record
Version 1 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed
Every quoted passage appears word for word in the official document.
Requirements backed by the source: Passed
Anything marked required is backed by the requirement language and dates in the source.
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed, adjusted automatically
The record follows the AWACS format and uses its standard labels.
- A detail the source does not support was removed or adjusted