Loan Prospector Outreach Updated to Reflect 2012 Area Median Income Estimates
The Federal Housing Finance Agency (FHFA) has issued area median income (AMI) estimates for 2012, and the Loan Prospector® Outreach system has been updated to reflect these estimates, which apply to new submissions and resubmissions on or after November 18, 2012.
Freddie Mac lenders must use these estimates for Home Possible® mortgages with an Application Received Date on or after November 18, 2012. Freddie Mac uses the AMI estimates, among other things, to determine eligibility for our Home Possible Mortgages.
Both the Loan Prospector Outreach system and the Affordable Income & Property Eligibility tool on FreddieMac.com have been updated to reflect FHFA’s 2012 area median income estimates.