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.
Find what you are looking for
The Taxpayer First Act was signed into law on July 1, 2019. It includes a provision that persons receiving return information must obtain the express permission of taxpayers prior to disclosing that return information to any other person. |
|
| Effective December 31, 2020, Fannie Mae will retire the loan workout reporting and related functionality in HomeSaver Solutions Network (HSSN). As a part of Simplifying Servicing, HSSN functionality is being transitioned to Fannie Maes Servicing Management Default Underwriter (SMDU), SMDU User Interface (UI), and SMDU Case Management for all workout reporting processes. Servicers currently utilizing HSSN are encouraged to fully transition this activity to SMDU as soon as possible, but must do so no later than December 31, 2020. | |
| Fannie Mae now assumes the responsibility for the payment of all property taxes, ground rents, as well as fees and assessments invoiced by an HOA, condo association, or co-op corporation once the foreclosure sale or Mortgage Release occurs. | |
October 2, 2019 - October updates announce changes to homeownership education requirements, clarify policies on employment offers and contracts, revise rental income policy, establish anti-money laundering activity reporting requirements, and more. |
|
Selling Guide - PDF Version (October 2, 2019) |
|
September 11, 2019 - the September changes include updates to the maximum allowable foreclosure and bankruptcy attorney fees and other miscellaneous revisions. |
|
Servicing Guide - PDF Version (September 11, 2019) |
|
August 14, 2019 - this Lender Letter provides advance notification to servicers of changes that will simplify and streamline the cash remittance and reconciliation process. The effective date for the changes in this Lender Letter is targeted for the second quarter of 2020; servicers will be notified once a specific effective date is determined. |
|
August 7, 2019 - August updates implement changes to lender quality control requirements, introduce construction-to-permanent financing for manufactured homes, clarify appraisal waiver eligibility for refinance transactions, and more. |
|
Selling Guide - PDF Version (August 7, 2019) |
|
| We have issued a Servicing Notice about the extended publishing of Cost of Funds Index (COFI). | |
July 11, 2019 - We have issued a Selling Notice in support of a SOFR ARM plan for newly originated ARM loans. |
|
July 10, 2019 - the July updates simplify our escrow waiver policy, clarify requirements for compliance with Office of Foreign Assets Control (OFAC) regulations, and more. |
|
Servicing Guide - PDF Version (July 10, 2019) |
|
July 3, 2019 - July updates implement changes related to HomeReady income limits, clarify requirements for compliance with Office of Foreign Assets Control Regulations, simplify requirements for signed IRS Form 4506-T, update our definition of relocation loans, remind lenders of our disaster policies, and more. |
|
Selling Guide - PDF Version (July 3, 2019) |
|
June 12, 2019 - the June updates simplify our requirements for release of property requests, clarify investor reporting requirements, and more. |
|
Servicing Guide - PDF Version (June 12, 2019) |
|
June 5, 2019 - June updates implement changes related to tax reform legislation, update requirements for acceptable title insurers, simplify Uniform Residential Loan Application (URLA) (Form 1003) requirements, provide guidance on the purchase of certain LIBOR ARM loans, and introduce a new special feature code for delivery of loans with remote notarization. |
|
June 5, 2019 - We implemented the private flood insurance provisions of the Biggert-Waters Act applicable to us in 2013. Under our Selling Guide, private flood insurance policies may be delivered as an alternative to National Flood Insurance Program (NFIP) policies. To qualify, the terms and amount of coverage must be at least equal to that provided under an NFIP policy based on a review of the full policy issued by the private insurer. In addition, the insurer must meet the rating requirements in the Selling Guide for property insurers. |
|
June 5, 2019 - Lender Letter LL-2019-06 provides updates to upcoming HomeReady and Desktop Underwriter updates. |
|
Selling Guide - PDF Version (June 5, 2019) |
|
May 17, 2019 - Lender Letter LL-2019-05 provides guidance on a new policy related to the acquisition of certain LIBOR ARM loans. |
|
May 15, 2019 - the Servicing Guide was updated on May 15 to clarify our policy regarding mortgage insurance (MI) termination solicitations, simplify our policies by removing references to designated document custodians, and more. |
|
Servicing Guide - PDF Version (May 15, 2019 |
