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
July 12, 2023 - The July Servicing Guide update adjusts the requirements for partial release of security and makes miscellaneous changes. |
|
Servicing Guide - PDF Version (July 12, 2023) |
|
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. |
|
July 5, 2023 – The July Selling Guide update revises our policies and review requirements for condo and co-op project eligibility for properties in need of critical repairs and/or that have special assessments, and more; adjusts eligibility requirements for limited cash-out refinance transactions, requiring at least one borrower to be a current owner of the subject property; and incorporates eligibility requirements for the sale of loans aged six months or less. |
|
Selling Guide - PDF Version (July 5, 2023) |
|
The Document Custodian Notice includes the following topics:
|
|
June 7, 2023 – The June Selling Guide update allows temporary interest rate buydowns for mortgages secured by manufactured homes; allows 7- and 10-year ARM borrowers to be qualified using only the note rate; adds clarifying details for amounts that may be included with the payoff of existing loans in limited cash-out refinance transactions; and makes miscellaneous updates. |
|
Selling Guide - PDF Version (June 7, 2023) |
|
May 31, 2023 – Effective June 12, 2023, the 2023 area median income estimates (AMIs) will be implemented in Desktop Underwriter® (DU®), HomeReady® Application Programming Interfaces (API), Loan Delivery, the Area Median Income Lookup Tool, and published on the HomeReady®, RefiNow®, and Duty to Serve pages. |
|
May 24, 2023 - this Notice specifies that we will require appraisal photographs for the main living areas of property interiors to include the living room, family room, dining room, all bedrooms, and all finished and unfinished areas of the basement for appraisals in loan applications dated on or after Sept. 1, 2023. |
|
May 17, 2023 – This Lender Letter rescinds the DTI ratio loan-level price adjustment (LLPA) attribute that was scheduled to apply to loans purchased on and after Aug. 1, 2023. |
|
May 10, 2023 – The May Servicing Guide update introduces and clarifies requirements for servicing mortgage loans subject to resale restrictions or shared equity provisions; automates the Non-Routine Litigation form and requires electronic submission; and provides an updated agreement for refinancing an eNote in New York.. |
|
Servicing Guide - PDF Version (May 10, 2023) |
|
May 3, 2023 – The May Selling Guide update revises the requirements for loans with shared equity or shared appreciation provisions; clarifies eligibility requirements for subordinate liens; and allows alternative documentation for IRS Form 4868 as evidence the borrower has filed an extension for the prior year’s tax returns. |
|
Selling Guide - PDF Version (May 3, 2023) |
|
This Document Custodian Notice includes the following topics: |
|
April 12, 2023 – We’ve made miscellaneous Servicing Guide updates related to compliance with requirements and laws; Disaster Response Network™ and Know Your Options™ references; loan property address changes; and certain Fannie Mae contact information. We also posted borrower-facing documents related to our recently updated payment deferral policy. |
|
Servicing Guide - PDF Version (April 12, 2023) |
|
April 5, 2023 – The April Selling Guide update aligns Guide policy for the treatment of medical collections with the risk assessment performed by Desktop Underwriter®; adds reporting requirements for penalties and enforcement actions related to compliance with Office of Foreign Assets Control regulations; allows the use of a borrower’s earned real estate commission for down payment and closing costs; and makes miscellaneous updates. |
|
Selling Guide - PDF Version (April 5, 2023) |
|
Updated March 22, 2023 - This updated LLPAs provides information about future changes to loan-level price adjustments (LLPAs) and an overall redesign of the LLPA matrix. It will be effective for all whole loans purchased on or after May 1, 2023, and for loans delivered into MBS with issue dates on or after May 1, 2023, with the exception of the DTI ratio LLPA, which will be effective Aug. 1, 2023. |
|
The Document Custodian Notice includes the following topic: |
|
March 8, 2023 – The March Servicing Guide update includes changes to pre-foreclosure property preservation requirements – specially, updates to property inspections and preservation expense reimbursement limits and guidance; and miscellaneous updates. |
|
Servicing Guide - PDF Version (March 8, 2023) |
|
March 8, 2023 - Effective for loans with note dates on or after July 1, 2023, shared equity loans that are secured by properties subject to private transfer fee covenants will now be eligible for sale to Fannie Mae if they meet certain conditions. Loans with private transfer fee covenants are currently prohibited by the Selling Guide, unless permitted by the Private Transfer Fee Regulation. |
