Statement on the Seller/Servicers Eligibility Requirements
Fannie Mae (FNMA/OTC) today announced finalized operational and financial eligibility requirements for seller/servicers. Proposed minimum financial eligibility requirements were previously released in January 2015.
Joy Cianci, Senior Vice President for Credit Portfolio Management made the following statement:
“Today, Fannie Mae announced updated eligibility requirements for seller/servicers. We will work closely with servicers to make sure they have a clear understanding of the requirements and continue to be strong counterparties for Fannie Mae. Servicers must implement the operational requirements by September 1, 2015, and the financial eligibility changes by December 31, 2015.”
Frequently Asked Questions can be found here: https://www.fanniemae.com/content/faq/servicer-eligibility-requirement-faqs.pdf
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