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EarlyCheck Version 5.1.1 Release Coming March 11
Introducing severity modifications for the new credit eligibility edits.
Updates to Fannie Mae-Approved Mortgage Insurers
This Lender Letter announces that Fannie Mae has approved the acquisition of United Guaranty Corporation and its affiliates by Arch Capital Group Ltd.
December 2016 AQM List Posted
The December 2016 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
EarlyCheck Version 5.1 Release Coming Feb. 11
Describes edits being introduced and modified in the Feb. 11, 2017 release of EarlyCheck (version 5.1).
New Quarterly Compass: Expanded Edition for Q4
The new Quarterly Compass features the latest technology and policy news, and important milestones, and more in this special three-page edition.
Enhanced Market Opportunity Tool
The Market Opportunity Tool is designed to help our lender partners explore business opportunities in the markets they serve and areas where they may wish to expand. The tool is available free in Fannie Mae Connect.
Key Selling Announcement SEL-2016-09 Updates
For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Jude Landis, Vice President, Credit Policy, and/or the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
2017 Loan Limit Implementation in DU
During the weekend of Dec. 10, 2016, the general and high-balance loan limits will be implemented in DU for loans to be delivered on or after January 1, 2017.
Selling Guide Updates
The following updates were made in December: expanded the DU validation service to include assets and employment; introduced relief from reps and warrants on property value for loans with Collateral Underwriter risk score of 2.5 or lower; discontinue the Property Inspection Waiver fee for loans delivered to Fannie Mae on or after Jan. 1, 2017; clarified when lenders must update appraisers of changes to a sales contract; and other miscellaneous updates.
Reminder: Collateral Underwriter is Getting Even Better
During the weekend of Dec. 10, 2016, we will implement Collateral Underwriter Version 4.0, which will provide a new, easy-to-use web application design and layout.
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