Loan impact
Summarized from the announcement · needs reviewApplies to: Conventional conforming mortgages evaluated under Freddie Mac Home Possible income rules and FHA streamline refinance transactions.
- Addressed to
- Arc Home correspondent sellers and wholesale brokersFrom the publisher, not quoted from the text
- Investor
- ArchomeFrom the publisher, not quoted from the text
- Programs
- Conventional, FHA
- Affected areas
- General; Eligibility
- Effective
- AUS submissions on or after Jun 13, 2026
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
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 |
|---|---|---|
| Freddie Mac median income limit applicationChanged | Not stated | Automated underwriting tools adopt revised 2026 area median income limits, keeping earlier limits if income decreased. |
| FHA streamline refinance mortgage insurance premium matrixClarified | Not stated | Restates upfront and annual mortgage insurance premium tiers and durations based on base balance, loan-to-value ratio, and prior endorsement dates. |
What to do
AWACS interpretation · not source languageWhat to review: Review the automated underwriting implementation of 2026 Freddie Mac area median income limits and the restated FHA streamline refinance mortgage insurance premium schedules.
QC implications
- Verify automated underwriting evaluations for Home Possible loans properly apply the updated 2026 area median income limits.
- Confirm FHA streamline refinance transactions calculate upfront and annual mortgage insurance premiums consistent with base balances, loan-to-value ratios, and prior endorsement dates.
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, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- A detail the source does not support was removed or adjusted
- An independent check could not confirm a requirement; it is shown as review, not action
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
Source
- Correspondent Announcement Fannie Mae, Freddie Mac & FHA Updates (2026-06-15) (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 db2b43bc9a5d…
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