AWACSMortgage compliance intelligence from Flightline

Arc Home · Correspondent Announcement Extension Fee and Suspense Fee Update (2026-10-12) · Published

Revisions to Rate Extension and Suspense Fee Pricing

The investor is increasing both rate extension and suspense fees to three basis points per day. The higher extension pricing covers loans in progress and new locks, while the revised suspense rate applies to files delivered for purchase review.

Review recommendedEffective Oct 12, 2026Checks passed· adjusted automaticallyRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: All correspondent loans delivered to the investor, excluding Marquee Jumbo products from extension fee increases.

Addressed to
Arc Home correspondent sellersFrom the publisher, not quoted from the text
Investor
ArchomeFrom the publisher, not quoted from the text
Exceptions
Marquee Jumbo loan products
Effective
Oct 12, 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
RequirementPreviouslyNow
Daily rate extension chargeTightenedNot statedThree basis points each day
Daily suspense chargeTightenedNot statedThree basis points each day

What to do

AWACS interpretation · not source language

What to review: Review the adjusted daily rate extension and suspense pricing of three basis points per day effective 2026-10-12, taking into account the exception for Marquee Jumbo products.

QC implications

  • Quality control should verify that loans subject to rate extensions and suspense reviews on or after 2026-10-12 are billed at three basis points per day, noting that Marquee Jumbo products are excluded from the extension fee increases.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed, adjusted automatically

    Every quoted passage appears word for word in the official document.

    • A detail the source does not support was removed or adjusted

  • 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

    The record follows the AWACS format and uses its standard labels.