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

Recent News

  • Servicing Guide Updates new

    December changes include updates that introduce a payment shortage tolerance, simplify the reporting of fidelity bonds and errors and omissions events, and more.

  • Malloy Evans: Key Updates in Latest Servicing Announcement Dec. 11, 2019) new

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

  • Brief DU validation service outage 12/13 new

    The DU validation service will be unavailable on Friday, Dec. 13 from 9:00 p.m. ET to Saturday Dec. 14 at 12:00 a.m. ET. Lenders should submit casefiles to DU to validation income, employment and or assets before or after this time.

  • Selling Guide Updates new

    December updates announce clarifications to calculating monthly real estate tax payments, clarify policies on non-applicant debt, address bridge loan treatment in monthly debt obligations, and more.

  • Key Selling Announcement SEL-2019-09 Updates new

    For a summary of key updates in this Selling Guide announcement, view the executive overview by Malloy Evans, Chief Credit Officer for Single-Family.

  • Are co-issue sales a component of your best execution toolkit? new

    Learn more about co-issue sales and how Servicing Marketplace facilitates simple, transparent, and efficient co-issue sales for sellers and servicers.

  • Process Summary: Titling Manufactured Homes as Real Property

    To originate a mortgage for MH, it must be titled as real property in a process that varies from state to state. This document provides a broad overview of the two most common processes for titling MH as real property.

  • Loan Limits to increase in 2020

    Details on the 2020 general and high-cost area loan limits and updated resources are available. The new loan limit for most of the country is $510,400, indicating a 5.38% increase over the 2019 limit.

  • Lender Letter LL-2019-08: Approved Mortgage Insurance Forms

    This Lender Letter provides guidance on updated mortgage insurers’ master primary policies and related endorsements and other forms.

  • Capital Markets holiday closure

    Following SIFMA’s recommended holiday closings, our Capital Markets Pricing and Sales Desk will be closed on Nov. 28 and will close at 2 p.m. ET on Nov. 29. All Capital Markets transactions, including PE - Whole Loan®, PE - MBS®, MBS trading, and Early Funding, will be affected. PE - MBS will be available to roll, merge, and pair-off commitments.

  • November 2019 AQM List Posted

    The November 2019 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.

  • Servicing Reports Transition Document

    In an ongoing effort to simplify servicing and increase operational efficiencies, Fannie Mae is working to streamline and centralize key information and data from multiple reporting applications.

  • Updates on the LIBOR-SOFR Transition

    Under the guidance of the Federal Housing Finance Agency (FHFA) and in coordination with Freddie Mac, we intend to implement recently published fallback language recommended by the Alternative Reference Rate Committee (ARRC) for adjustable rate mortgages (ARMs) and offer SOFR-based hybrid ARM products.

  • Servicing Guide Updates

    November changes streamline requirements related to canceling property insurance and flood insurance when Fannie Mae acquires a property, establish anti-money laundering activity reporting requirements, and more.

  • Malloy Evans: Key Updates in Latest Servicing Announcement (Nov. 13, 2019)

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

  • Updated DU Specification published supporting updated redesigned URLA

    Fannie Mae has published the updated DU Specification v1.8 and resources supporting implementation of the updated redesigned Uniform Residential Loan Application (URLA/Form 1003) published on Oct. 23, 2019.

  • Fannie Mae Modification Interest Rate Adjustment Update

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

  • View the updated DU Validation Service Reference Guide

    The logic used by the Desktop Underwriter (DU) validation service to validate bonus, overtime, and commission income using a Verification of Employment and Income report will be updated. This update will apply to all new casefiles submitted to DU on or after Jan. 1, 2020.

  • Selling and Servicing Notice: Related to Taxpayer First Act

    Fannie Mae sellers and servicers must comply with a provision of the Taxpayer First Act that requires persons receiving tax return information to obtain express taxpayer permission to share return information with any other third parties.

  • Fannie Mae Reports Net Income of $4.0 Billion for Third Quarter 2019

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

  • Servicing Notice: Retirement of HomeSaver Solutions Network Workout Functionality

    Effective December 31, 2020, Fannie Mae will retire the loan workout reporting and related functionality in HomeSaver Solutions Network (HSSN). As a part of Simplifying Servicing, HSSN functionality is being transitioned to Fannie Mae’s Servicing Management Default Underwriter™ (SMDU), SMDU User Interface (UI), and SMDU Case Management for all workout reporting processes. We encourage servicers currently using HSSN to fully transition this activity to SMDU prior to December 31, 2020.

  • Servicing Reports Moving to New Locations

    To increase operational efficiencies, several Message Manager As-Is and Fannie Mae Connect reports are moving to new locations. Please begin planning for these changes today. Review the full list of servicing reports that are affected by this change.

  • Selling Reports Moving to New Locations

    MBS Closing Statements and MBS Same Month Pooling will retire from Message Manager on November 1. Find them in the Loan Delivery category of Fannie Mae Connect Report Center. BU/BD Ratios are now in PE-MBS application, retiring from MM on December 22.

  • New Static URLA Published

    The GSEs have published the updated static version of the redesigned Uniform Residential Loan Application (URLA/Fannie Mae Form 1003) reflecting the changes directed by the Federal Housing Finance Agency (FHFA) that were announced in August 2019.

  • Greater flexibility when pooling MBS

    Beginning October 15, you now have greater flexibility when selecting your settlement date--allowing you to pool sooner, if you choose. The standard book entry form is now is now 3 business days for Fannie Majors and 4 business days for a single-issuer pool.

  • Without Data Standards, the Mortgage Industry Doesn’t Go Digital

    This white paper describes the importance of a foundation based on data standards as the mortgage industry moves to innovate and deliver the digital experience borrowers want.

  • Servicing Notice: Eliminating Servicer Responsibilities for Paying HOA, COA, and Co-op Corporation Fees on Acquired Properties

    Fannie Mae now assumes the responsibility for the payment of all property taxes, ground rents, as well as fees and assessments invoiced by an HOA, condo association, or co-op corporation once the foreclosure sale or Mortgage Release occurs.

  • DU Version 10.3 December Release

    During the weekend of Dec. 7, 2019, Fannie Mae will implement an update to DU Version 10.3. Unless specified in the release notes, the changes in this release will apply to DU Version 10.3 loan casefiles submitted or resubmitted on or after the weekend of Dec. 7, 2019.

  • Selling Guide Updates

    October updates announce changes to homeownership education requirements, clarify policies on employment offers and contracts, revise rental income policy, establish anti-money laundering activity reporting requirements, and more.