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    Provides a summary of Selling Guide and policy related communications and updates.

Recent News

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

    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 updated

    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 new

    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 new

    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.

  • 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.

  • 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.

  • Two new eLearnings for Investor Reporting

    Learn how modifications affect investor reporting and how to resolve failed business rules and hard rejects with our new courses. Click the Investor Reporting tab on the link above to get started.

  • Minimum terms to be updated

    Effective January 1, 2019, the minimum term for certain whole loan fixed-rate products will be updated in Pricing and Execution – Whole Loan.

  • Technology Manager Job Aids Updated

    We've streamlined the new user password setup experience, see the New User job as you set up a new user in TM.

  • Selling Guide Updates

    These updates were made in October: clarified policy for employment verification for union members; expanded policy for borrowers using employment-related assets for qualifying income; clarified comparable sales requirements for appraisals of MH Advantage™ homes; and more.

  • Key Selling Announcement SEL-2018-08 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.

  • Clarified appraisal requirements for MH Advantage homes

    The October 2018 Selling Guide announcement clarifies our comparable sales requirements for appraisals of MH Advantage homes.

  • Additional Counties in NC and SC Added to Appraisal Waiver Exclusion List

    Ten more North Carolina counties and six South Carolina counties are being added to our appraisal waiver exclusion list in Desktop Underwriter® (DU®) as a result of the Federal Emergency Management Agency (FEMA) declaration of individual assistance. As of October 1, this brings the total number of affected counties in North Carolina to 28 and the total number in South Carolina to six.

  • New Expense Reimbursement Dashboard

    The new self-service Expense Reimbursement Dashboard offers a single centralized reporting location for claims, inquiries and excess fee decisions. Enhanced transparency gives you loan and claim data at your fingertips. Visit the Loan Servicing report center to access the dashboard today.

  • Updates to the foreclosure/third party sale program and more

    We've updated our policies related to the foreclosure sale marketing services and more. See Announcement SVC-2018-07 for details.

  • Expense reimbursement claims just got easier

    You no longer need to attach supporting documentation when you submit a claim. With new automation, many claims will be auto-approved. Documentation only needed upon request. HECM loans are excluded.

  • MI Factor Fact Sheet

    Meet MI Factor, a streamlined approach to the mortgage insurance (MI) claims process designed to save time and reduce costs without adding risk. With MI Factor, claims timelines will be more transparent, providing servicers with greater certainty and accuracy in forecasting claims and allocating resources. Servicers can begin using MI Factor for all eligible claims filed with participating MI companies as of Oct. 1. Check out the Fact Sheet to learn more.

  • Appraisal Waiver Offers Excluded for 18 North Carolina Counties

    Due to damage inflicted by Hurricane Florence, the Federal Emergency Management Agency (FEMA) has declared individual assistance for 18 counties in North Carolina as of September 20. In accordance with Fannie Mae policy, these counties have been added to our appraisal waiver exclusion list in Desktop Underwriter® (DU®).

  • New Rural High-Needs Waiver Offer

    On a limited basis, Fannie Mae is offering an appraisal waiver option to support sustainable homeownership for low- to moderate-income borrowers in rural high-needs areas. The offer is contingent on a home inspection, which may identify any significant maintenance issues prior to closing and help home buyers avoid unanticipated, potentially high-cost, post-purchase repairs.

  • Servicing Guide Updates

    The following updates were made in September: Fannie Mae will pay property taxes, ground rents, and co-op fees and assessments for REO properties; Texas Section 50(a)(6) loan modifications are less complex; serving and subservicing transfer requirements have been clarified; and more.

  • Key Servicing Announcement SVC-2018-06 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.

  • Learning Series 3: Fannie Mae eMortgage Tools and Resources

    This course has been updated to incorporate Co-Issue Sale and Early Funding solutions.

  • Clarified condo insurance requirements

    The September 2018 Selling Guide announcement clarifies our requirements related to liability, fidelity, and crime insurance.

  • Selling Guide Updates

    These updates were made in September: the term “appraisal waiver” replaces what was previously called “property inspection waiver” or “property fieldwork waiver”; a new appraisal waiver option is available for certain home purchases; condo insurance requirements have been clarified; and more.

  • Changes to single-entity ownership maximums

    The single-entity ownership policy for co-op projects has increased from 10% to 20% to align with the policy for condo projects.

  • Key Selling Announcement SEL-2018-07 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.