Fannie Mae issued Selling Guide Announcement SEL-2026-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae:
- Incorporated previously communicated changes, specifically, incorporation of Lender Letter LL-2026-03 (Updated to Project Standards & Property Insurance Requirements);
- Updated eligibility for certain condo and PUD projects related to Project Eligibility Review Service (PERS) requirements for manufactured housing, specifically, the updates included:
- Lender-delegated full review for new condo projects with manufactured homes, and new or established condo projects with single-section units and/or eligible deed/resale restrictions; and
- Waiver of project review for new and established manufactured home PUD projects with eligible deed/resale restrictions;
- Updated lease term requirements for ground lease co-ops;
- Added guidance related to signature requirements for mortgages to inter vivos revocable trusts to refer to eMortgage technical requirements for additional information regarding eNote loans with inter vivos trusts; and
- Clarified the treatment of authorized user tradelines for loans that receive a DU Approve/Eligible recommendation, and lender requirements for excluding certain debts paid by others from the borrower’s recurring monthly obligations and the DTI ratio.
All revisions are effective August 5, 2026.
Click to view the Fannie Mae Selling Guide Announcement SEL-2026-07: https://www.tenaco.com/wp-content/uploads/2026/08/Fannie-Mae-Selling-Guide-Announcement-SEL-2026-07-08-05-26.pdf
