Fannie Mae issued Lender Letter LL-2019-05, restricting the purchase of LIBOR ARMs due to the anticipated discontinuance of the LIBOR index in 2021. Per the Lender Letter, LIBOR ARMs must be purchased or securitized by Fannie Mae no later than 6 months after the first payment date of the loan. Fannie Mae will continue to purchase and securitize newly originated LIBOR ARMs that are seasoned 6 months or less. The Lender Letter is effective immediately.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
