Statement on Driving Simplicity and Certainty for Customers

Statement from Andrew Bon Salle, Executive Vice President, Single-Family Business

Andrew Wilson

202-752-5168

“Over the last few years, we’ve worked closely with our customers to help clarify our policies and guidelines related to representations and warranties.  Our intention has been to ensure lenders can lend with confidence knowing that if they originated to Fannie Mae guidelines their risk of repurchase has been minimized.   Many lenders have told us that our efforts are paying off, and that they are more comfortable lending to the full credit box of our guidelines.  This latest step provides a clear, reliable and independent process to resolve disagreements over repurchase requests in a timely fashion when needed.  We believe we’ve created a system that addresses our customers’ concerns.  We’ll continue to work closely with our customers to drive simplicity and certainty in all aspects of our business.”