Fannie Mae issued an update to the implementation date of revisions made to rental income policies related to Selling Guide Announcement SEL-2026-08 (Announcement). Per the Announcement, Fannie Mae extended the implementation date to December 1, 2026 (previously, November 1, 2026) for the following revisions related to rental income policies:
- Revised rental income policy to simplify its overall structure, improve clarity, address policy gaps, and better align policy with real-world execution. Key policy updates include:
- New requirements for the use of short-term rental income, including alternative documentation options and conservative qualifying income treatment;
- Standardized requirements for investment properties purchased within 45 days of the subject property to improve consistency in rental income determination;
- A new framework for departing residences that relies on market-supported rents, reserve requirements, and Principal, Interest, Taxes, Insurance, and Assessments (PITIA) offset limitations rather than lease agreements; and
- Strengthened lease agreement standards through minimum lease term requirements, enhanced validation requirements, and restrictions on non-arm’s-length lease arrangements.
Click to view the Fannie Mae Update to Selling Guide Announcement SEL-2026-08: https://www.tenaco.com/wp-content/uploads/2026/09/Fannie-Mae-Update-to-Selling-Guide-Announcement-SEL-2026-08.pdf
