AC-006 – Freddie Mac Credit Updates
NOTICE TO ALL CUSTOMERS
Important Freddie Mac Credit Updates
FLCBank notifies customers of the recent updates made by Freddie Mac via Bulletins 2024-16 and 2025-1 announcing expanded LTV/TLTV requirements for Automated Collateral Evaluation (ACE) on purchase transactions.
This update is effective for loans submitted and resubmitted to Loan Product Advisor (LPA) on or after February 24, 2025:
- For ACE appraisal waivers, Freddie Mac increased the maximum LTV/TLTV ratios from 80% to 90%.