Announcement SEL-2016-03: Selling Guide Updates
March 29, 2016 - The update includes enhancing the policies for financing energy improvements; simplifying the multiple financed
properties policy; removing the special lender approval requirement to deliver Texas Section 50(a)(6) loans; clarifying several
project-related flood insurance coverage requirements; and other miscellaneous updates and changes.
Announcement SEL-2016-02: Selling Guide Updates
February 23, 2016 - The update includes eliminating the policy on continuity of obligation; clarifying lender reporting obligations
related to a breach of compliance with laws violations; use of consistent language regarding the types of losses for which
lenders must indemnify Fannie Mae; clarifying when recourse is required on HomeStyle Renovation mortgage loans; adopting a
simplier definition of relocation loans; and other miscellaneous updates and changes.
Selling and Servicing Notice: Flint, MI
February 11, 2016 - Flint, MI. This notice reminds lenders and servicers about existing products, loan options, and servicing
flexibilities that are available for homeowners who may be impacted by the water crisis in Flint, Michigan.
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.