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Announcement SEL-2014-03: Selling Guide Updates
April 15, 2014 - The update contains changes or clarifications pertaining to property eligibility and appraisal requirements, a new MERS Rider, and other updates.
Lender Letter LL-2014-02: Property and Appraisal Requirements for Properties Located in Small Towns and Rural Areas
March 25, 2014 - Clarifies property and appraisal requirements for properties in small towns and rural areas, especially on policies relating to appraiser selection, property eligibility and special considerations, and acceptable appraisal practices.
Selling/Servicing Notice: Discontinuance of the Federal Reserve Board CD Index
March 12, 2014 - Fannie Mae is substituting indexes based on LIBOR rates published in The Wall Street Journal for the discontinued Federal Reserve Board CD rates. Also, two standard ARM Plans based on the discontinued index are retired, effective immediately.
Announcement SEL-2014-02: Priority of Common Expense Assessments
January 14, 2014 (Updated February 25, 2014) - The Announcement limits the priority of regular common expense assessments for mortgages secured by units in certain condo and planned unit development projects to no more than six months over Fannie Mae’s mortgage lien.
Lender Letter LL-2014-01: Updates to Fannie Mae-Approved Mortgage Insurers
February 4, 2014 - Fannie Mae has approved the acquisition of CMG Mortgage Insurance Company (CMG) and its affiliates by Arch U.S. MI Holdings, Inc. Until further notice, the MI Code and ULDD Enumerated Value used to identify loans insured by CMG remain unchanged. Fannie Mae has suspended the approval of the following affiliates of existing approved mortgage insurers--MGIC Indemnity Corporation (MIC), Radian Mortgage Assurance Inc. (RMAI), and Genworth Residential Mortgage Assurance Corporation (GRMAC).
Announcement SEL-2014-01: Pricing Update Change
January 8, 2014 - In Selling Guide Announcement SEL-2013-09, Pricing Update, Fannie Mae announced pricing changes as directed by the Federal Housing Finance Agency (FHFA). On January 8, 2014, FHFA directed Fannie Mae to delay implementation of these changes until further notice.
Announcement SEL-2013-10: Miscellaneous Selling Policy Updates
December 19, 2013 - Announcement SEL-2013-10 describes policies pertaining to MBS margin thresholds, clarifications of higher-priced loan requirements and Ability to Repay Exempt Loans, and an updated RDC guide and Form 1003 instructions.
Announcement SEL-2013-09: Pricing Updates
December 16, 2013 - Announcement SEL-2013-09 describes changes to guaranty fees, loan-level price adjustments, and the Adverse Market Delivery Charge. Both the LLPA Matrix and the Refi Plus LLPA Matrix have been updated.
Lender Letter LL-2013-10: Appraisal Quality, and UCDP Notification
December 10, 2013 - Fannie Mae has issued a lender letter focusing on appraiser selection, data quality issues, and new processes for appraiser monitoring, and has added messages in UCDP related to appraisals from specific appraisers.
Lender Letter LL-2013-09: Confirmation of Conventional Loan Limits for 2014
November 26, 2013 - Confirmation of Conventional Loan Limits for 2014
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