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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Selling Guide - May 27, 2014	Selling Guide - PDF Version (May 27, 2014)
Announcement SEL-2014-06 Selling Guide Updates	May 27, 2014 - The update contains changes pertaining to delayed financing, continuity of obligation, multiple financed properties, large deposits and other assets, power of attorney, and definitions for retail, broker, and correspondent origination types.
Announcement SVC-2014-08 Miscellaneous Servicing Policy Updates	May 21, 2014 - This Announcement updates Fannie Mae policies on calculating the repurchase price for certain loans with negative amortization, release of security, servicer oversight and business continuity requirements, and stay of foreclosure and other legal proceedings for servicemembers. An updated version of the Application for Release of Security (Form 236) is available on Fannie Maes website.
Announcement SVC-2014-07 Delinquency Management and Default Prevention Updates	May 16, 2014 - This Announcement updates a number of delinquency management and default prevention servicing policies.
Announcement SEL-2014-05 Lender Selling Representations and Warranties Framework Updates	May 12, 2014 - Fannie Mae announces a number of enhancements to the representation and warranty framework.
Announcement SVC-2014-06 Lender-Placed Insurance Compliance Certification and Servicing Transfers	May 9, 2014 - This Announcement updates requirements for submitting lender-placed insurance certification to Fannie Mae. The Announcement also defines terms related to servicing transfers and updates the timeline for submitting a Request for Approval of Servicing Transfer or Subservicing (Form 629) to Fannie Mae.
Announcement SEL-2014-04 Unemployment Benefits Eligibility for DU Refi Plus and Refi Plus Loans	May 6, 2014 - Effective immediately, unemployment compensation may be used in qualifying a borrower for a DU Refi Plus or Refi Plus loan whether they are seasonal or non-seasonal in nature.
Lender Letter LL-2014-03 City of Chicago Vacant Property Ordinance Update	April 30, 2014 - Updated guidance regarding the treatment of vacant properties in the City of Chicago.
Announcement SEL-2014-03 Selling Guide Updates	April 15, 2014 - The update contains changes or clarifications pertaining to property eligibility and appraisal requirements, a new MERS Rider, and other updates.
Selling Guide - April 15, 2014	Selling Guide - PDF Version (April 15, 2014)
Announcement SVC-2014-05 Fannie Mae Standard Modification and Streamlined Modification Updates	March 28, 2014 - Fannie Mae is updating the modification terms for mortgage loans with pre-modified mark-to-market LTV ratios less than 80. It supersedes and replaces SVC-2013-28, Fannie Mae Standard Modification and Streamlined Modification Updates, in its entirety. This Announcement also updates requirements related to the Evaluation Notice, solicitation letter, and Trial Period Plan.
Lender Letter LL-2014-02 Property and Appraisal Requirements for Properties Located in Small Towns and Rural Areas	March 25, 2014 - Clarifies property and appraisal requirements for properties in small towns and rural areas, especially on policies relating to appraiser selection, property eligibility and special considerations, and acceptable appraisal practices.
Announcement SVC-2014-04 Miscellaneous Servicing Policy Updates	February 26, 2014 - This Announcement clarifies and updates policies regarding individual mortgage loan files, servicing quality control reviews, final requests for reimbursement, attorney expenses, and transfers of variances and waivers.
Announcement SEL-2014-02 Priority of Common Expense Assessments	January 14, 2014 (Updated February 25, 2014) - The Announcement limits the priority of regular common expense assessments for mortgages secured by units in certain condo and planned unit development projects to no more than six months over Fannie Maes mortgage lien.
Lender Letter LL-2014-01 Updates to Fannie Mae-Approved Mortgage Insurers	February 4, 2014 - Fannie Mae has approved the acquisition of CMG Mortgage Insurance Company (CMG) and its affiliates by Arch U.S. MI Holdings, Inc. Until further notice, the MI Code and ULDD Enumerated Value used to identify loans insured by CMG remain unchanged. Fannie Mae has suspended the approval of the following affiliates of existing approved mortgage insurers--MGIC Indemnity Corporation (MIC), Radian Mortgage Assurance Inc. (RMAI), and Genworth Residential Mortgage Assurance Corporation (GRMAC).
Announcement SVC-2014-03 Servicer Incentive Updates	January 29, 2014 - This Announcement updates servicer incentive fees for repayment plans, short sales, and Mortgage Releases. The increased incentive fees will be in effect for mortgage loans that meet the stated criteria on and after March 1, 2014.
Announcement SVC-2014-02 Miscellaneous Servicing Policy Changes	January 24, 2014 - This Announcement updates servicing policy on handling overcharges for special ARMs, accepting bankruptcy schedules of assets and liabilities in a Borrower Response Package, submitting foreclosure prevention cases for approval, and deducting appropriate third-party sales proceeds.
Announcement SVC-2014-01 Mortgage Loan Modification Payment Change Notification Updates	January 24, 2014 - Fannie Mae is updating its requirements for borrower notification of the interest rate adjustment for a mortgage loan that has been modified and is subject to step interest rate adjustments, including Fannie Mae HAMP Modifications. The Payment Change Notification Guidelines exhibit has also been updated.
Announcement SEL-2014-01 Pricing Update Change	January 8, 2014 - In Selling Guide Announcement SEL-2013-09, Pricing Update, Fannie Mae announced pricing changes as directed by the Federal Housing Finance Agency (FHFA). On January 8, 2014, FHFA directed Fannie Mae to delay implementation of these changes until further notice.
Announcement SEL-2013-10 Miscellaneous Selling Policy Updates	December 19, 2013 - Announcement SEL-2013-10 describes policies pertaining to MBS margin thresholds, clarifications of higher-priced loan requirements and Ability to Repay Exempt Loans, and an updated RDC guide and Form 1003 instructions.
Announcement SVC-2013-29 Transfers of Servicing	December 19, 2013 - This Announcement describes policy changes for servicing transfers, including the requirements to obtain prior written approval from Fannie Mae and to submit a Request for Approval of Servicing or Subservicing Transfer (Form 629). Also described is the scope of evaluations Fannie Mae will conduct on subservicers.
Announcement SVC-2013-28 Fannie Mae Standard Modification and Streamlined Modification Updates	December 19, 2013 - Announcement SVC-2014-05 (dated March 28, 2014), Fannie Mae Standard Modification and Streamlined Modification Updates, replaces and supersedes Announcement SVC-2013-28 in its entirety.
Announcement SVC-2013-27 Lender-Placed Insurance Requirements	December 18, 2013 - Fannie Mae is updating its requirements for lender-placed insurance, including acceptable costs and carriers. In addition, servicers must now certify their compliance with these requirements by submitting the Lender-Placed Insurance Compliance Certification (Form 202).
Announcement SVC-2013-26 Reverse Mortgage Loans	December 18, 2013 (distributed to reverse mortgage servicers only) - Servicers are no longer required to refer deed-in-lieu of foreclosure offers for Home Equity Conversion Mortgages to Fannie Mae for approval.
Announcement SEL-2013-09 Pricing Updates	December 16, 2013 - Announcement SEL-2013-09 describes changes to guaranty fees, loan-level price adjustments, and the Adverse Market Delivery Charge. Both the LLPA Matrix and the Refi Plus LLPA Matrix have been updated.