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  • In Case You Missed It
    Provides a summary of Selling Guide and policy related communications and updates.

Recent News

  • Quarterly Milestones: Q4 2018- Q1 2019 new

    Check out the new Quarterly Milestones roadmap to stay on track with product launches, mandates, and other information. The roadmap will be updated on an ongoing basis.

  • Lender Letter LL-2019-02: Impact of Federal Government Shutdown (Selling) new

    Lender Letter LL-2019-02 provides additional guidance on selling policies to supplement the temporary guidance described in Lender Letter LL-2018-06, Impact of Federal Government Shutdown, that applies to borrowers who are impacted by the federal government shutdown.

  • Lender Letter LL-2019-01: Impact of Federal Government Shutdown (Servicing) new

    Lender Letter LL-2019-01 provides additional guidance on servicing policies to supplement the temporary guidance described in Lender Letter LL-2018-06, Impact of Federal Government Shutdown, that applies to borrowers who are impacted by the federal government shutdown.

  • Fannie Mae Modification Interest Rate Adjustment Update new

    This Exhibit provides the new Fannie Mae Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications.

  • Lender Letter LL-2018-06: Impact of Federal Government Shutdown

    Lender Letter LL-2018-06 provides temporary guidance on selling and servicing policies that may be impacted by the federal government shutdown that occurred on December 22, 2018.

  • Foreclosure Time Frames and Compensatory Fee Requirements

    The Dec. 19, 2018 Servicing Guide update announces a revised compensatory fees framework and updated foreclosure time frames.

  • UAD and Forms Redesign Update

    Fannie Mae and Freddie Mac have engaged with stakeholders over the past several months to gather input. An executive summary of our preliminary findings is now available.

  • December 2018 AQM List Posted

    The December 2018 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.

  • Servicing Guide Updates

    We updated these policies in December: borrower-initiated mortgage insurance requirements; guidelines for managing insurance loss proceeds; property insurance carrier requirements; flood insurance requirements; and more.

  • Key Servicing Announcement SVC-2018-09 Updates

    For a summary of key updates in this Servicing Guide Announcement, view the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.

  • New borrower-initiated MI termination requests using SMDU begins Jan. 1

    Borrower-initiated requests for MI termination is now a simplified process designed to save both time and cost without adding risk. Servicers are encouraged to implement the MI termination policy based on Original Value as early as January 1, 2019, and MI termination policy based on Current Value as early as March 1, 2019; however, implementation is required by September 1, 2019.

  • Selling Guide Updates

    These updates were made in December: reduced complexity for appraisal waiver offers during a disaster, approved self-employment income calculation tool available, clarifications to unreimbursed business expenses, more flexibility for on-frame modular and modular construction, and more.

  • Key Selling Announcement SEL-2018-09 Updates

    For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Khristi Waters, Director, Credit Policy, and the executive overview provided by Carlos Perez, Chief Credit Officer for Single-Family.

  • On-frame modular homes now an eligible property type

    The December 2018 Selling Guide announcement provides more flexibility for on-frame modular and modular construction.

  • Clarified flood insurance requirements

    The December 2018 Selling Guide announcement clarifies requirements for flood insurance for condo projects.

  • Reduced complexity for appraisal waiver offers in disasters

    The December 2018 Selling Guide announcement allows lenders to execute an appraisal waiver offered on a loan in process at the time of a disaster when certain requirements are met.

  • Loan Limits to increase in 2019

    Details on the 2019 general and high-cost area loan limits and updated resources are available. The new loan limit for most of the country is $484,350, indicating a 6.9% increase over the 2018 limit.

  • Disaster-Affected Homeowners Receive Expanded Support

    Announcing Fannie Mae’s Disaster Response Network™: a comprehensive case-management service for disaster-affected homeowners with Fannie Mae-backed mortgage loans. Homeowners may access this program, a supplement to the post-disaster mortgage relief options currently offered, by visiting Know Your Options or by calling 1-800-2FANNIE.

  • Announcing Fannie Mae’s Disaster Response Network

    We now offer comprehensive, personalized help navigating the unfamiliar disaster-recovery process—expanding on our mortgage relief options for disaster-affected homeowners by assisting with FEMA claims, insurance claims, and more.

  • ULDD Phase 3 Updates

    The GSEs have updated the ULDD Ph. 3 data points to further align on loan delivery requirements and policy changes.

  • Loan Delivery now accepts all ULDD Phase 3 data

    In addition to EarlyCheck, the Loan Delivery production environment now accepts import of all ULDD Phase 3 data. New edit messages have also been implemented. The Loan Delivery User Interface will be updated in January 2019.

  • Appraisal Waiver Offers Excluded for CA ZIP Codes Impacted by Wildfires

    Due to the wildfires in California, Fannie Mae is adding impacted ZIP Codes to the appraisal waiver disaster exclusion list in Desktop Underwriter®. Properties in the affected ZIP Codes are ineligible to receive appraisal waiver offers.

  • AMN December Release Notes Now Available

    During the weekend of December 8, 2018, Fannie Mae will implement Release 24.3, which includes the changes and enhancements described below for Asset Management Network (AMN)/HomeSaver SolutionsTM Network (HSSN).

  • Servicing Guide Updates

    These updates were made in November: short sale and Mortgage Release requirements simplified; timelines for outbound call attempts, sending breach letters, and ordering initial property inspections clarified; and more.

  • Key Servicing Announcement SVC-2018-08 Updates

    For a summary of key updates in this Servicing Guide Announcement, view the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.

  • DU Version 10.3 Release Notes Posted

    During the weekend of Dec. 8, 2018 we will implement Desktop Underwriter (DU) Version 10.3, including adjustments to the DU credit risk assessment, appraisal waiver changes and updates to align with the Selling Guide.

  • Fannie Mae Reports Net Income of $4.0 Billion and Comprehensive Income of $4.0 Billion for Third Quarter 2018

    Read more about our third quarter financial results in our news release, Form 10-K, and credit supplement.

  • Updated high LTV product names

    Effective Oct. 29, six high LTV product names have been updated in Pricing & Execution - Whole Loan. The updated product names change the order in which results are displayed in the product templates. Please see the Browse Prices Export File Specification for the new product order.

  • A simple, smarter way for co-issue sales

    With Servicing Marketplace, sell a loan to Fannie Mae and the mortgage servicing rights to the servicing buyer of your choice at the same time.

  • Loan Servicing Data Utility (LSDU) is live!

    Introducing LSDU, a self-service tool offering servicers solutions for simplifying investor reporting and data exceptions. With near-real time data and improved accuracy, LSDU will save servicers time and transform business workflows. Get registered and learn more at LSDU for additional resources.