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Selling Guide Updates
The following updates were made in April: new solutions for borrowers with student loan debt; project review waivers for certain Fannie Mae to Fannie Mae limited cash-out refinances; simplification of some cash-out refinance policies; and more.
April 2017 AQM List Posted
The April 2017 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
Key Selling Announcement SEL-2017-04 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 the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
Desktop Underwriter and EarlyCheck Origination File Support for the URLA Demographic Information Addendum
Describes how Fannie Mae will help lenders prepare for the 2018 Home Mortgage Disclosure Act (HMDA) requirements.
Key Selling Announcement SEL-2017-03 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.
Selling Guide Updates
The following updates were made in March: lenders may obtain a verification report for use with the Desktop Underwriter (DU) validation service from a report supplier or a report distributor; loans with a Collateral Underwriter® risk score of 2.5 or below on the appraisal are eligible for certainty on appraised value regardless of whether the loan was underwritten through DU.
PIW FAQs Updated
The PIW FAQs have been updated to reflect the availability of lender-level reporting.
New Quarterly Compass
Your one-stop-shop to technology releases, important milestones, training availabilities, policy changes, and much more.
Collateral Underwriter Version 4.1 Release Notes
Includes an update to Property Value Representations and Warranties, as well as enhancements to the new CU user interface (CU Classic view will not be impacted) scheduled for the weekend of March 25, 2017.
Selling Guide Updates
The following updates were made in February to simplify and clarify policies: borrower-signed Form 4506-T not required if all of their income is validated through the Desktop Underwriter® (DU®) validation service; updates the definitions of homeownership education and housing counseling; and standardizes the calculations for monthly qualifying rental income or loss.
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