Fannie Mae issued Selling Guide Announcement SEL-2017-01, setting forth updates to the Selling Guide. As outlined in the Announcement, the Selling Guide has been updated
Fannie Mae issued Servicing Guide Announcement SVC-2017-01, setting forth updates to the Servicing Guide. The Servicing Guide updates: incorporate new investor reporting requirements; retire the
Fannie Mae issued Lender Letter LL-2016-06 (Lender Letter), introducing a new mortgage loan modification program. The Fannie Mae Flex Modification combines features of Fannie Mae’s
Fannie Mae issued Servicing Guide Announcement SVC-2016-11 (Announcement). The Announcement sets forth several updates to the Servicing Guide. The Servicing Guide updates provide alternatives to
Fannie Mae issued Selling Guide Announcement SEL-2016-09 (Announcement). The Announcement: expands the optional Desktop Underwriter (DU) validation service to include validation services for assets and
Fannie Mae announced that it will no longer charge a fee to exercise a property inspection waiver (PIW). The process for exercising a PIW offer
Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017. The 2017 maximum
Fannie Mae issued Reverse Mortgage Servicing Announcement RVS-2016-02 (Announcement). The Announcement updates the Reverse Mortgage Loan Servicing Manual to require a servicer to submit its
Fannie Mae issued Servicing Guide Announcement SVC-2016-10 (Announcement). The Announcement: updates deadlines for submitting expense reimbursement requests; establishes additional property preservation repair descriptions and expense
Fannie Mae recently introduced Desktop Underwriter (DU) Validation, a service that impacts various Quality Control requirements. For lenders that opt-in to the new DU validation
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