Fannie Mae issued Lender Letter LL-2023-03 (formerly numbered LL-2021-02) to remove COVID-19 related property inspection and preservation policies. Per the Lender Letter, the policies were
Fannie Mae issued Lender Letter LL-2023-02, permitting shared equity loans subject to private transfer fee covenants. Per the Lender Letter, shared equity loans secured by
Fannie Mae reissued Servicing Notice: Legacy Libor Replacement Index (Notice) to notify servicers of a correction to the original publication (published on January 25, 2023).
Fannie Mae issued Servicing Guide Announcement SVC-2023-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: The revisions went into effect
Fannie Mae issued Selling Guide Announcement SEL-2023-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to valuation modernization,
Fannie Mae revised the Puerto Rico Security Instrument Form (Form 3053) and the Texas Home Equity Security Instrument (Form 3044.1). The revision to the Puerto
Fannie Mae issued an update to Lender Letter LL-2021-03 to retire the temporary COVID-19 requirements related to employment verification for self-employed borrowers and to eligibility
Fannie Mae issued a notice (Notice) announcing a new non-routine litigation reporting requirement with respect to New York’s Foreclosure Abuse Prevention Act. Per the notice,
Fannie Mae issued Selling Guide Announcement SEL-2023-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated eligibility requirements for cash-out
Fannie Mae revised the Virginia Security Instrument Form (Form 3047). The revision to the Virginia Security Instrument removes the consideration amount and property value information
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