Access the Guide via the link below or AllRegs.com.
Provides information and resources related to condo, co-op, and planned unit development (PUD) project eligibility and requirements, including review types and insurance requirements.
View a variety of resources and training to help lenders build effective strategies to manage risk through a focus on loan quality. Includes a link to the Appraiser Quality Monitoring (AQM) list.
The update introduces the Servicing Execution Tool™ (SET™) Bifurcation option for approved lenders and updates policies related to margin requirements for co-op share ARM loans; owner-occupancy requirements; ALTA short form coverage; alignment of the Selling Guide with Desktop Underwriter® messages for derogatory credit events and disputed credit tradelines; and other miscellaneous updates and changes.
This Lender Letter discusses Fannie Mae’s post-purchase loan file review process and the shift in focus to increasing lender certainty through defect prevention, remedies, and alternative to repurchase. Also, the National Underwriting Center has been renamed as the Loan Quality Center.
Looking for an executive summary of recent Fannie Mae announcements and notifications? Read In Case You Missed It 2015.
Find a range of mortgage products, eligibility options, and solutions to help lenders meet borrowers' needs.