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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Announcement SVC-2015-07 Servicing Guide Updates	May 20, 2015 - This Announcement contains policy changes related to performing property inspections for abandoned properties, MI premium expense reimbursement, updates to the Investor Reporting Manual, miscellaneous revisions, and includes an update to the effective date for the policy changes described in LL-2014-06 Advance Notification of Future Changes to Investor Reporting Requirements.
Announcement SEL-2015-05 Revised New Mexico Security Instrument	May 5, 2015 - The New Mexico security instrument - Form 3032 has been revised to convert it from a deed of trust form to a mortgage form, which now provides for judicial foreclosures.
Announcement SEL-2015-04 Changes in Loan-Level Price Adjustments	April 17, 2015 - This Announcement communicates that at the direction of the Federal Housing Finance Agency, certain loan-level price adjustments (LLPAs) are being changed. In addition, the Adverse Market Delivery Charge is being discontinued. These pricing changes will be applied to whole loans purchased on or after September 1, 2015, or loans delivered into MBS pools with issue dates on or after September 1, 2015 (including DU Refi Plus and Refi Plus loans). The details of the pricing adjustments are available in the Loan-Level Price Adjustment (LLPA) Matrix and the Refi Plus Loan-Level Price Adjustment (LLPA) Matrix.
Announcement SVC-2015-06 Miscellaneous Servicing Policy Changes	April 15, 2015 - This update provides notification of policy changes related to processing additional principal payments for delinquent mortgage loans, accepting funds from Hardest-Hit Fund (HHF) Programs and Housing Finance Agencies (HFAs), and for accepting a partial reinstatement during foreclosure.
Announcement SVC-2015-05 Servicing Guide Updates	April 8, 2015 - This update contains policy changes to the Office of Foreign Assets Control (OFAC) Specialty Designated Nationals (SDN) List requirements, changes to title defect reporting, and clarifications for obtaining the increased Mortgage Release borrower relocation incentive. This update also incorporates policy changes previously communicated in SVC-2015-04 and LL-2015-01.
Servicing Guide - April 8, 2015	Servicing Guide - PDF Version (April 8, 2015)
Lender Letter LL-2015-03 Tools and Processes to Increase Certainty and Reduce Repurchase Risk for Lenders	March 31, 2015 - This Lender Letter discusses Fannie Maes post-purchase loan file review process and the shift in focus to increasing lender certainty through defect prevention, remedies, and alternative to repurchase. Also, the National Underwriting Center has been renamed as the Loan Quality Center.
Announcement SEL-2015-03 Selling Guide Updates	March 31, 2015 - The update introduces the Servicing Execution Tool (SET) Bifurcation option for approved lenders and updates policies related to margin requirements for co-op share ARM loans; owner-occupancy requirements; ALTA short form coverage; alignment of the Selling Guide with Desktop Underwriter messages for derogatory credit events and disputed credit tradelines; and other miscellaneous updates and changes.
Selling Guide - March 31, 2015	Selling Guide - PDF Version (March 31, 2015)
Announcement SVC-2015-04 Servicing Guide Updates	March 18, 2015 - This update contains policy changes related to the use of multiple custodial accounts, property (hazard) and flood insurance losses, delinquency status code hierarchy and definitions, reimbursing Fannie Mae for a cancelled mortgage loan modification, Fannie Mae Standard and Streamlined Modifications, notifying Fannie Mae of changes to a servicers organization, and the new Non-Routine Litigation Form (Form 20).
Servicing Guide - March 18, 2015	Servicing Guide - PDF Version (March 18, 2015)
Announcement SEL-2015-02 Selling Guide Updates	February 24, 2015 - The update contains clarifications to the effective dates for pricing; postponement of policy pertaining to delivery of loans with more than two borrowers; reorganization of co-op topics; clarification to the project standards policies; update to the Lender Breach of Contract topic; and other miscellaneous updates and changes.
Selling Guide - February 24, 2015	Selling Guide - PDF Version (February 24, 2015)
Announcement SVC-2015-03 Servicing Guide Updates	February 11, 2015 - This update incorporates previously communicated policy changes as described in LL-2014-09 and SVC-2015-02. This update also announces changes to the Mortgage Insurer Delegations for Workout Options Exhibit and the Fannie Mae Workout Hierarchy Exhibit.
Servicing Guide - February 11, 2015	Servicing Guide - PDF Version (February 14, 2015)
Lender Letter LL-2015-02 Appraisal Tools, Processes, and Policies	February 4, 2015 - This Lender Letter provides clarifications and additional information on Fannie Maes valuation-related tools and appraisal policies, including Collateral Underwriter, Appraiser Quality Monitoring, and updates to the Property Eligibility and Appraisal Requirements section of the Selling Guide.
Lender Letter LL-2015-01 Notification of Future Updates to Borrower Pay for Performance Incentives for a Fannie Mae HAMP Modification	January 29, 2015 - Provides notification of future updates to borrower pay for performance incentives for a Fannie Mae HAMP modification.
Announcement SEL-2015-01 Selling Guide Updates	January 27, 2015 - The update contains policy changes pertaining to increase in the maximum LTV, CLTV, and HCLTV ratios for certain principal residence transactions; clarification to home-buyer education and counseling; clarification of leasehold estates; removal of references to Expanded Approval; and other miscellaneous updates and changes.
Selling Guide - January 27, 2015	Selling Guide - PDF Version (January 27, 2015)
Announcement SVC-2015-02 Mortgage Insurer Deferred Payment Obligation and Calculation of Indemnification Claim	January 14, 2015 - This Announcement amends policies and requirements in Servicing Guide A1-3, Repurchases, Indemnifications and Make Whole Payments.
Announcement SVC-2015-01 Servicing Guide Updates	January 14, 2015 - This update contains previously communicated policy changes related to compensatory fees for delays in the liquidation process and the Fannie Mae MyCity Modification. This update also announces miscellaneous revisions to the Allowable Foreclosure Attorney Fees Exhibit, Fannie Maes Adverse Action Notice (Form 182), and Fannie Maes SCRA Reporting and Disbursement Request Form (Form 1022).
Servicing Guide - January 14, 2015	Servicing Guide - PDF Version (January 14, 2015)
Lender Letter LL-2014-09 Updates to Foreclosure Bidding Instructions and Third Party Sales	December 23, 2014 - This Lender Letter provides advance notification to servicers of changes to foreclosure bidding instructions and third party sales. The servicer is encouraged to implement these requirements as early as February 1, 2015, but must do so no later than March 1, 2015, for all mortgage loans with a foreclosure sale to occur on or after April 15, 2015.
Announcement SVC-2014-22 Updates to the Fannie Mae MyCity Modification	December 18, 2014 - Updates policy requirements for the Fannie Mae MyCity Modification workout option.
Announcement SEL-2014-16 Selling Guide Updates	December 16, 2014 - The update contains policy changes pertaining to self-employed income policy, solar panels, payment calculation for student loans, flood insurance alignment with new federal law, cure provision for points and fees alignment with the CFPB rule, and other miscellaneous updates and changes.