Announcement SEL-2015-13: Selling Guide Updates
December 15, 2015 - The update includes allowing second home and investment property loans to be secured by properties with
age-related resale restrictions; policy update pertaining to manufactured homes under the RD-Guaranteed Section 502 program;
clarifications relating to quality control vendor oversight reporting, reverification of income, and appraisal field reviews;
removed the requirement to obtain a form from the borrower at loan closing to authorize early delinquency counseling; changed
how and when buyup and buydown grids are posted; and other miscellaneous updates and changes.
Announcement SEL-2015-12: Selling Guide and Other Updates
November 3, 2015 - The update includes allowing refund of loan-level price adjustments on certain mortgage loans; clarifications
and updates to co-op review policies; expansion of project review options for established condo projects; policy pertaining
to delivery of loans with more than two borrowers will not be enforced; policy changes pertaining to HomeReady; and other
miscellaneous updates and changes.
Announcement SEL-2015-10: Selling Guide Updates
September 29, 2015 - This Selling Guide update includes details about HomeReady mortgage, our enhanced affordable lending
product designed to meet the diverse needs of today’s buyers; and updated homeownership education requirements.
Announcement SEL-2015-09: Selling Guide Updates
August 25, 2015 - The update includes allowing cash back on pair-offs of a mandatory whole loan commitment to all Fannie Mae-approved
lenders as a standardized process; update to the delivery of HomeStyle Renovation loans; align the requirements for attached
PUD units with the existing requirements for detached PUD units; policy changes pertaining to self-employed income policy;
and other miscellaneous updates and changes.
Announcement SEL-2015-08: Selling Guide Updates
July 28, 2015 - The update includes allowing certain transactions involving affordable LTV ratio calculations be underwritten
by DU; increased LTV, CLTV, and HCLTV ratios for certain Limited Reviews of condo projects; updates for leased solar panels;
clarification of the “value” used to determine mortgage insurance coverage for New York properties, including co-ops; and
other miscellaneous updates and changes.