Fannie Mae issued Lender Letter LL-2019-1 (Lender Letter), providing guidance related to the federal government shutdown. The Lender Letter clarifies Fannie Mae’s expectations and requirements with respect to credit reporting in connection with mortgages made to government employees and other workers impacted by the federal government shutdown. The guidance is effective immediately and automatically expires when the government resumes full operations.
Fannie Mae
Fannie Mae Updates Area Median Incomes used to Determine Borrower Eligibility for HomeReady, RefiNow and Duty to Serve Loans
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2024 AMIs
May 13, 2024
