Fannie Mae Selling and Servicing Policy Archives

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.

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

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)

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.

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)

Updated April 8, 2026 - This Investor Reporting Manual (Manual) outlines Fannie Mae's requirements for the mortgage loan accounting system it uses for reporting on the status of one- to four-unit mortgage loans either held in its portfolio or pooled in an MBS. (The Fannie Mae investor reporting system is also used for multifamily mortgage loans that are in MBS pools). This Manual is incorporated into the Servicing Guide by reference. In the event that the Manual and the Servicing Guide are conflicting, the servicer must follow the requirements set forth in the Servicing Guide.

April 1, 2026 – In April, the Selling Guide has been updated to include changes to support lender quality control efficiencies, Desktop Underwriter® (DU®) archival policy, delivering MBS pool data and documents, and an update to employer-level income validation in the DU validation service.

Selling Guide - PDF Version (April 1, 2026)

March 18, 2026 - This Lender Letter updates various project standards policies, as well as property insurance requirements for one-to four-unit properties and project developments.

March 11, 2026 - The March Servicing Guide provides updated language that clarifies remittance requirements for stop delinquency advances and temporary interest rate buydowns, as well as updates to income assessment policy.

Servicing Guide - PDF Version  (March 11, 2026)

March 4, 2026 – In March, we implemented updates to Chapter B3-3, Income Assessment of the Selling Guide to enhance clarity and consistency in income policies and clarified appraisal review requirements permitted for Texas Section 50(a)(6) loans.

Selling Guide - PDF Version (March 4, 2026)

March  3, 2026 – This Lender Letter provides temporary guidance on selling and servicing policies that may be impacted by the federal government shutdown that occurred on February 14, 2026. These temporary policies are effective immediately and will automatically expire when the federal government resumes full operations.

February 18, 2026 - The February Servicing Guide provides updates to the language for government mortgage loan modifications and the custodial account reconciliation forms (Forms 496/496A).