Selling Policy Communications
Access a list of Selling Announcements, Lender Letters, Notices, and related communications.
Selling Guide updates typically are published on the first Wednesday of the month.
| Announcement SEL-2020-03 – Selling Guide Updates | June 3, 2020-June's Selling Guide update includes changes to lease review requirements, provides additional flexibility to lenders to choose the late charge amount identified in the note, clarifies project standards policies on horizontal property regimes and environmental hazard assessments, clarifies HomeStyle® Energy debt pay-off policies, and other miscellaneous updates. |
| Selling Notice – HomeReady Income Limits 2020 | June 3, 2020-Area Median Income estimates (AMIs) are provided to Fannie Mae by our regulator, the Federal Housing Finance Agency. These AMIs are used in determining borrower eligibility for HomeReady mortgage loans. |
| Announcement SEL-2020-02 – Selling Guide Updates | April 1, 2020-April’s Selling Guide update includes additional details about the Secured Overnight Financing Rate (SOFR) ARM products we will begin to accept as of Aug. 3; property tax and escrow clarifications; and other miscellaneous updates. |
| Selling Notice – List of Approved Mortgage Insurance Forms Updated | February 12, 2020-As noted in Lender Letter LL-2019-08 dated November 20, 2019, Fannie Mae worked with approved mortgage insurers to update their master primary policies and related endorsements and other forms (Forms). |
| Lender Letter LL-2020-01 – Important Updates to Adjustable-Rate Mortgage (ARM) Products | February 5, 2020-We've issued a Lender Letter to help prepare our customers for a successful transition from LIBOR ARMs to new SOFR ARM products. Lender Letter LL-2020-01 provides details on updated ARM instruments, retirement of LIBOR ARMs, SOFR ARMs, and the future retirement of CMT ARMs. |
| Announcement SEL-2020-01 – Selling Guide Updates | February 5, 2020-February’s Selling Guide update revises our policies on liabilities related to rental housing payment and calculating monthly qualifying rental income; delays a previously announced policy change related to calculating monthly real estate tax payments; and more. |
