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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July 15, 2020 - this Lender Letter aligns policies with Freddie Mac to limit servicer obligations to advance scheduled monthly payments to four months for scheduled/scheduled (S/S) remittance type mortgage loans and introduces a streamlined operational process that maintains our existing investor reporting requirements. |
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July 1, 2020 - this Lender Letter provides information about the use of the redesigned Form 1003. |
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Servicing Guide - PDF Version (June 10, 2020) |
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June 10, 2020 - the June Servicing Guide update includes changes to the pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, with updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710). |
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June 3, 2020 - June's Selling Guide update includes changes to lease review requirements, provides additional flexibility to lenders to choose the late charge amount identified in the note, clarifies project standards policies on horizontal property regimes and environmental hazard assessments, clarifies HomeStyle® Energy debt pay-off policies, and other miscellaneous updates. |
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Selling Guide - PDF Version (June 3, 2020) |
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Area Median Income estimates (AMIs) are provided to Fannie Mae by our regulator, the Federal Housing Finance Agency. These AMIs are used in determining borrower eligibility for HomeReady mortgage loans. |
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In Servicing Notice, Advance Notice of Retirement of HomeSaver Solutions Network Workout Functionality (Oct. 30, 2019), we informed servicers that we will retire and transition the mortgage loan workout reporting and related functionality in the HomeSaver Solutions Network (HSSN) to Servicing Management Default Underwriter™ (SMDU), SMDU UI and SMDU Case Management for all workout reporting processes. In response to servicer feedback and as a result of the impact of COVID-19, we are postponing the Dec. 31, 2020 retirement date previously communicated in that Notice. |
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The Document Custodian Notice includes the following topics: |
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April 1, 2020 - April’s Selling Guide update includes additional details about the Secured Overnight Financing Rate (SOFR) ARM products we will begin to accept as of Aug. 3; property tax and escrow clarifications; and other miscellaneous updates. |
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Selling Guide - PDF Version (April 1, 2020) |
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The Document Custodian Notice includes the following topics
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The Document Custodian Notice includes the following topics
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List of Approved Mortgage Insurance Forms Updated. |
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Servicing Guide - PDF Version (February 12, 2020) |
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February 12, 2020 - the February update revises the foreclosure milestone schedule, eliminates prorated foreclosure fee requirements, clarifies delinquency exception reporting, and more |
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February 5, 2020 - this Lender Letter has information to help prepare our customers for a successful transition from LIBOR ARMs to new SOFR ARM products. Lender Letter LL-2020-01 provides details on updated ARM instruments, retirement of LIBOR ARMs, SOFR ARMs, and the future retirement of CMT ARMs. |
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February 5, 2020 - February’s Selling Guide update revises our policies on liabilities related to rental housing payment and calculating monthly qualifying rental income; delays a previously announced policy change related to calculating monthly real estate tax payments; and more. |
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Selling Guide - PDF Version (February 5, 2020) |
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Miscellaneous Underwriting, Eligibility, and Property-Related Updates |
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Provides a summary of Selling Guide and policy related communications and updates issued in 2019. |
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The Document Custodian Notice includes the following topics |
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December 16, 2019 Fannie Mae sellers and servicers must comply withaprovision of the Taxpayer First Act that requires persons receiving tax return information to obtain express taxpayer permission to disclose return information to any other third parties. |
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December 11, 2019 - the December changes include updates that introduce a payment shortage tolerance, simplify the reporting of fidelity bonds and errors and omissions events, and more. |
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Servicing Guide - PDF Version (December 11, 2019) |
