Fannie Mae Selling and Servicing Policy Archives

The Fannie Mae Selling and Servicing policy archives allow you to quickly access current and past policy materials.  

Our archives allow you to search for Selling and Servicing policy communications by year and/or by communication type which include:

  • announcements 
  • guides
  • lender letters
  • notices 

In addition, you can find our In Case You Missed It job aid, which summarizes Selling Guide, Servicing Guide and other policy communications for years 2012 to present. 

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Sept 21, 2022 - At the direction of our regulator, the Federal Housing Finance Agency, and in coordination with Freddie Mac, we are updating our minimum financial requirements for seller/servicers, including an enhanced minimum net worth requirement applicable to all sellers/servicers, an enhanced minimum liquidity requirement applicable to all non-depository sellers/servicers, a new origination liquidity requirement applicable to certain non-depository sellers/servicers, and new requirements applicable to large non-depository sellers/servicers.

Provides a summary of Selling Guide, Servicing Guide, and other policy related communications & updates issued in 2022.

September 7, 2022 - The September Selling Guide update expands the list of acceptable gift donors and makes several miscellaneous updates.

Selling Guide - PDF Version (September 7, 2022)

August 10, 2022 – The August Servicing Guide update incorporates new policies requiring servicer maintenance of certain fair lending data elements.

Servicing Guide - PDF Version (August 10, 2022)

August 3, 2022 - The August Selling Guide update includes permitting lender-funded grants for certain transactions and adding an alternative to satisfy the verbal verification of employment requirement for non-DU® validation service loans.

Selling Guide - PDF Version (August 3, 2022)

Servicing Guide - PDF Version (July 13, 2022)

June 8, 2022 - The July Servicing Guide update adds requirements related to state Address Confidentiality Programs and makes other miscellaneous updates.

Selling Guide - PDF Version (July 6, 2022)

Updated July 6, 2022 - this Lender Letter provides reminders and temporary flexibilities to support mortgage originations.

July 6, 2022 - This Lender Letter notifies lenders of the mandatory use of the Supplemental Consumer Information Form (SCIF/Form 1103) for loans sold to the GSEs with application dates on or after March 1, 2023. The purpose of this Lender Letter is to notify the industry of this requirement well in advance of the mandatory effective date so that they can begin submitting the updated data in their loan submission files.

July 6, 2022 - The July Selling Guide update adds requirements for compliance with State Address Confidentiality programs, revises the required version of title insurance forms, and clarifies how to calculate the LTV ratio for manufactured housing subdivisions. This Announcement also describes updates to the list of approved mortgage insurers and approved mortgage insurance forms.

June 24, 2022 - this Lender Letter provides requirements that apply specifically to loans impacted by the Equifax coding issue.

This Selling Notice introduces Quality Control Calibrations, an expanded and formalized initiative to engage with a larger segment of our lenders in the calibration of their QC results. In QC, calibration is the process of comparing a lender’s own internal QC results to a known measurement, or standard, to confirm the accuracy of the lender’s results.

On June 24, 2022, the 2022 AMIs will be implemented in Desktop Underwriter® (DU®) and published on our website for use with manually underwritten loans. DU will apply the 2022 limits to new DU loan casefiles created on or after June 24. Loan casefiles created prior to June 24 will continue to use the 2021 limits. For manually underwritten loans, lenders are encouraged to use the 2022 limits immediately but are required to use them for loans with application dates on or after Aug. 1, 2022.

The Document Custodian Notice includes the following topic:

  • Updated Document Transfer Job Aid – Dated June 2022

Servicing Guide - PDF Version (June 8, 2022)

June 8, 2022 - The June Servicing Guide update transitions the process for ordering liquidation-related property valuations to Servicing Management Default Underwriter™ (SMDU), which now consolidates all servicer valuation orders into a single platform, and makes several miscellaneous clarifications and updates.

Fannie Mae was recently informed by Equifax® Inc. of a coding issue that may have resulted in errors to consumer credit scores and credit data reported by Equifax from March 17 to April 6, 2022. In light of the coding issue, lenders are reminded of their obligations under the Selling Guide to correct erroneous credit data, ensure the accuracy of the credit data submitted to Desktop Underwriter® (DU®) at the time of loan sale, and to provide any corrected information to us.

Selling Guide - PDF Version (June 1, 2022)

June 1, 2022 - The June Selling Guide update allows a two-closing construction-to-permanent loan to include certain documented construction cost overruns, clarifies the definition of a group home and related property eligibility, better aligns our policy for calculating the fully indexed Adjustable-Rate Mortgage (ARM) rate with Regulation Z requirements, and more.

The Document Custodian Notice includes the following topic:
Update of the Active Document Custodians list for 2022

Servicing Guide - PDF Version (May 11, 2022)