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.
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.
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.
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.