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 as it pertains to the required documentation for removing recourse from HomeStyle Renovation
mortgages; 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.
Key Selling Guide Updates August 2015
Carlos Perez, Chief Credit Officer for Single Family, provides an executive summary of key selling policy updates in the August
25 Selling Guide announcement.
Introducing HomeReady Mortgage
Help meet the diverse needs of today’s buyers with HomeReady, Fannie Mae’s enhanced affordable lending product, to be available
later this year.
Collateral Underwriter (CU) Version 3.0 Release Notes
CU will be updated the weekend of Sept. 26, 2015, to make appraisal data and CU findings (CU risk score, flags, and messages)
available in CU within 10 minutes of the submission of an appraisal to Fannie Mae in UCDP.
Key Selling Guide Updates July 2015
Carlos Perez, Chief Credit Officer for Single Family, provides an executive summary of key selling policy updates in the July
28 Selling Guide announcement.
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.
Obtaining IRS Transcripts
Obtaining IRS Transcripts Fannie Mae Policy provides information about our tax transcript requirements.