Fannie Mae Selling and Servicing Policy Archives

Updated October 21, 2026 - This Lender Letter provides a governance framework for Fannie Mae Seller/Servicers’ use of artificial intelligence and/or machine learning (AI/ML) in their origination and/or servicing practices.

October 14, 2026 – In October, the Servicing Guide updates include changes to allowable foreclosure and bankruptcy attorney fees exhibits and exceptions to IRS Form 1099-C reporting.

Servicing Guide - PDF Version  (October 14, 2026)

October 7, 2026 – In October, the Selling Guide updates include increasing operational flexibility by removing specific verbal verification of employment methods and improving clarity by addressing requirements when borrowers use Schedule K-1 < 25% income to qualify; updating requirements for Income Continuance and providing clarity on current loan delivery practices for Employment Offers or Contracts; expanding eligibility and clarifying requirements for Attorney Opinion Letters and Right of First Refusal; and introducing a more secure, self-service application replacing the manual PDF-based Form 482 submissions process and eliminating the requirements for Form 360.

Selling Guide - PDF Version (October 7, 2026)

Updated September 30, 2026 - This Lender Letter announces the expanded availability of VantageScore® 4.0 to all Fannie Mae-approved lenders and the alignment of loan-level pricing adjustments across Classic FICO® and VantageScore 4.0.

September 30, 2026 - This Lender Letter announces a temporary policy exception available to lenders that are unable to implement the requirements of the Uniform Appraisal Dataset (UAD) 3.6 Policy Supplement by Nov. 2, 2026.

Updated September 23, 2026 – In September, The Selling Guide updates include restructuring rental income requirements to improve navigation and application of policy, clarifying highest and best use requirements for Uniform Appraisal Dataset (UAD) 3.6 appraisal assignments to support the new Uniform Residential Appraisal Report (URAR) reporting requirements, and expanding lender eligibility and clarifying eligible transactions for Native American Conventional Lending Initiative (NACLI) to result in more contributions to Duty to Serve goals.

September 16, 2026 - This Lender Letter announces updates to Fannie Mae requirements related to termination of conventional mortgage insurance to permit servicers to solicit borrowers that may be eligible for mortgage insurance termination based on the current value of the property.

This planning guide outlines the new Application Programming Interface (API)s under development that support reporting changes announced in Lender Letter -2025-02: Advance Notice of Changes to Servicing Processes and Systems.

Selling Guide - PDF Version (September 2, 2026)

Updated August 26, 2026 – This Lender Letter provides information about a new refinance option – RefiNow™ – that will enable more borrowers to refinance to a lower interest rate and reduce their monthly mortgage payment.

August 12, 2026 – In August, the Servicing Guide updates include incorporating previously communicated changes from LL-2026-03, Updates to Project Standards & Property Insurance Requirements into the Servicing Guide, aligning property insurance requirements for renovation mortgage loans and second lien mortgage loans with these updates, and reorganizing some content in Chapter B-2, Property Insurance to improve clarity and flow when incorporating these policy updates.

Servicing Guide - PDF Version  (August 12, 2026)

August 5, 2026 – In August, the Selling Guide updates include incorporating previously communicated changes from LL-2026-03, Updates to Project Standards & Property Insurance Requirements into the Selling Guide, simplifying review requirements for certain affordable housing types, clarifying lease term requirements for eligible ground lease co-op projects, removing minimum loan sale requirement for maintaining seller approval, and other miscellaneous updates.

Selling Guide - PDF Version (August 5, 2026)

Provides a summary of Selling Guide, Servicing Guide, and other policy related communications & updates issued in 2026.

June 24, 2026 - This Lender Letter provides advance notice of upcoming changes to servicing processes and systems. These changes are part of a multi-year initiative to further simplify and streamline servicer reporting, enhance risk management capabilities, and create operational efficiencies for mortgage servicing participants. These changes are expected to be delivered incrementally in a phased approach.

This Reverse Mortgage Loan Servicing Manual (Manual) incorporates all Fannie Mae servicing-related guidelines for reverse mortgage loans. While the Manual sets forth specific servicing requirements unique to reverse mortgage loans, servicers must continue to comply with servicing requirements in the Fannie Mae Single-Family Servicing Guide (Servicing Guide) for reverse mortgage loans to the extent such requirements are not in conflict with the provisions contained in the Manual.

June 3, 2026 – In June, the Selling Guide updates include the retirement of rural high-needs value acceptance, updates to the treatment of authorized user tradelines, and clarification that IRS Form 8821 may be an acceptable alternative to IRS Form 4506-C.

Selling Guide - PDF Version (June 3, 2026)

May 27, 2026 – Area median incomes (AMIs) for 2026 will be implemented in Desktop Underwriter® (DU®) and HomeReady® application programming interfaces (APIs), Loan Delivery, and the Area Median Income Lookup Tool effective June 13. AMI based pricing eligibility will continue to be based on casefile create date in DU and Application Received date in Loan Delivery until a future update scheduled for 2027.

May 13, 2026 - Streamline recordkeeping and save time with simpler requirements for remote online notarization video retention and digital management of Forms 1013 and 1014. Plus, keep operations running smoothly with the latest mortgage insurance contact and address information.

Servicing Guide - PDF Version  (May 13, 2026)

May 6, 2026 – In May, the Selling Guide includes updates to remote online notarization requirements, single-closing construction-to-permanent loan modifications, IRS tax installment agreements, and co-op project eligibility.