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Selling Notice
This Notice advises lenders that Fannie Mae is postponing the mandatory implementation of the self-employed income policies that were announced in Announcement SEL-2014-16.
March 2015 AQM List Posted
The March 2015 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
Selling Notice
Fannie Mae has updated the pricing guidelines in the Loan-Level Price Adjustment (LLPA) Matrix and Adverse Market Delivery Charge (AMDC) Information and the Refi Plus™ Mortgages Only Loan-Level Price Adjustment (LLPA) Matrix and Adverse Market Delivery Charge (AMDC) Information matrices to reflect the policy change that pertains to loan-level price adjustments and credit scores.
New Quarterly Compass Newsletter
A new Quarterly Compass is available with news and updates on the Uniform Closing Dataset, eClosings and eMortgages, Form 582, Community Seconds, as well as Collateral Underwriter, DU, EarlyCheck, and Condo Project Manager.
Condo Project Manager Version 5.0 Release Notes
Provides details on the Condo Project Manager (CPM) Version 5.0 release, which will occur over the weekend of April 18, 2015.
Announcement SEL-2015-02
The update contains clarifications to the effective dates for pricing; postponement of policy pertaining to delivery of loans with more than two borrowers; reorganization of co-op topics; clarification to the project standards policies; update to the Lender Breach of Contract topic; and other miscellaneous updates and changes.
Collateral Underwriter Version 2.1 Release Notes
Collateral Underwriter (CU) will be updated the weekend of April 18, 2015. Review the CU V. 2.1 Release Notes for details.
EarlyCheck Version 3.0 Release Notes
Describes enhancements in EarlyCheck V. 3.0 that will be implemented the weekend of April 18, 2015.
DU Version 9.2 April Update Release Notes
Provides details on an update to Desktop Underwriter (DU) V. 9.2 scheduled for the weekend of April 18, 2015.
Lender Letter 2015-02
This Lender Letter provides clarifications and additional information on Fannie Mae’s valuation-related tools and appraisal policies, including Collateral Underwriter, Appraiser Quality Monitoring, and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.
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