Fannie Mae Selling and Servicing Policy Archives

September 9, 2026 - This Lender Letter announces the expanded availability of VantageScore 4.0 to all Fannie Mae-approved lenders.

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.

September 2, 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.

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.

Selling Guide - PDF Version (May 6, 2026)

Updated April 24, 2026 - The Selling Guide has been updated to add VantageScore® 4.0 and FICO® Score 10T as approved credit score models, providing lenders with options when ordering a three in-file merged credit report. VantageScore 4.0 is available now through a limited rollout to approved lenders and FICO Score 10T will be available at a later date.

Selling Guide - PDF Version (April 22, 2026)

April 15, 2026  – The Area Median Income (AMI) eligibility determination for loan-level price adjustment (LLPA) waivers on HomeReady®, first-time homebuyer, and Duty to Serve loans is being standardized. For loans originated through Desktop Underwriter® (DU®), the DU casefile creation date will now be used to determine AMI eligibility instead of the application received date, while non-DU loans will continue using the application received date. This change will apply to all DU-underwritten loans sold to Fannie Mae with a Casefile Create Date on or after January 15, 2027.

April 8, 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.

April 8, 2026 -To simplify month-end processing, this month’s Servicing Guide update eliminates reporting errors for a paid-off loan after the reporting period has ended. This month’s update also incorporates the policies announced in Lender Letter LL-2026-01 directly into the Guide.

Servicing Guide - PDF Version  (April 8, 2026)