Fannie Mae Selling and Servicing Policy Archives

June 11, 2025 - The June Servicing Guide announcement includes updates to property preservation expense reimbursement limits and preservation guidance.

Servicing Guide - PDF Version  (June 11, 2025)

June 11, 2025 - We have issued a non-objection to the merger of Republic Mortgage Insurance Company and Republic Mortgage Guaranty Insurance Corporation, formerly Republic Mortgage Insurance Company of North Carolina, (together RMIC) into United Guaranty Residential Insurance Company (UGI). Effective June 1, 2025, all insurance policy servicing activities in connection with RMIC-insured loans are administered by UGI.

Update of the Active Document Custodians list for 2025

June 4, 2025 – In June, we updated the Selling Guide to introduce a policy supplement outlining key changes to appraisal forms, policies and requirement for lenders using UAD 3.6, align the Selling Guide with ANSI ® Z765-2021 measurement terminology, revamp requirements for lender QC processes, and a miscellaneous update.

Selling Guide - PDF Version (June 4, 2025)

Provides a summary of Selling Guide, Servicing Guide, and other policy related communications & updates issued in 2025.

May 14, 2025 – Area median incomes (AMIs) for 2025 will be implemented in Desktop Underwriter® (DU®) and HomeReady® application programming interfaces (APIs), Loan Delivery, and the Area Median Income Lookup Tool effective May 18. The AMIs will continue to be applied in DU based on the casefile create date while the Application Received Date provided in Loan Delivery will be used to determine which AMI limit to use when evaluating eligibility for the loan-level price adjustment (LLPA) waiver.

May 14, 2025 – Fannie Mae is retiring the loan workout reporting and related functionality in HomeSaver Solutions™ Network (HSSN). HSSN Loss Mitigation workout reporting functionality will transition to Fannie Mae’s Servicing Management Default Underwriter™ (SMDU™) platform. All workout reporting activities will be managed by SMDU Case Management. Servicers currently utilizing HSSN must fully transition this activity to SMDU Case Management no later than Dec. 1, 2025.

May 7, 2025 – In May, we updated the Selling Guide to update interested party contribution definitions, identify items excluded from maximum financing concessions, clarify the treatment of realtor rebates, clarify arrangements subject to the lender incentive policy, increase the incentive limit to $2,500, and require lender incentives from interested parties to be treated as sales concession, establish that the maximum guaranty fee buyup amount can be found in the lender’s MBS commitment, and clarify how prorated tax credits should be treated when underwriting.

Selling Guide - PDF Version (May 7, 2025)

April 9, 2025 – At the direction of the Federal Housing Finance Agency (FHFA) and in alignment with Freddie Mac we are updating the time frames within which routine foreclosure proceedings must be completed in twenty-two jurisdictions. In addition, we are adding COVID-19 Foreclosure Moratorium and Forbearance as allowable delays, while removing Unemployment Forbearance.

April 9, 2025 – The April Servicing Guide announcement includes clarification on how to calculate the remaining mortgage loan term for a Fannie Mae Flex Modification if the borrower has made additional principal payments, plus miscellaneous updates.

Servicing Guide - PDF Version  (April 9, 2025)

April 2, 2025 – In April, the Selling Guide has been updated to combine CPM™ and DU® technology, clarify how to calculate the loan-to-value ratio when determining the mortgage insurance for transactions on co-op properties in New York State, clarify the use of Income Calculator and calculations for rental income reported on Schedule E, and other miscellaneous updates.

Selling Guide - PDF Version (April 2, 2025)

February 12, 2025 – The February Servicing Guide update includes changes to information security, business continuity and incident response, as well as clarifications on shared equity.

Servicing Guide - PDF Version  (February 12, 2025)

February 5, 2025 – In February, the Selling Guide has been updated to introduce new and updated cybersecurity requirements for lenders; update the Selling Guide requirements specific to policy changes with the release of DU Version 12.0; provide calculation details for early payoff reimbursement; expand the use of property data collection and hybrid appraisals; simplify program registration and documentation requirements for community land trusts; add military income as an income type eligible for validation using an asset verification report, and other miscellaneous updates.

Selling Guide - PDF Version (February 5, 2025)

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.

Provides a summary of Selling Guide, Servicing Guide, and other policy related communications & updates issued in 2024.

December 18, 2024 – The December Servicing Guide update includes changes to allowable foreclosure attorney fees, bankruptcy attorney fees and Mortgage Release document preparation cost, plus other miscellaneous updates.

Servicing Guide - PDF Version  (December 18, 2024)

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.