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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Servicing Guide - PDF Version (April 13, 2022) |
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April 13, 2022 - The April Servicing Guide update clarifies requirements related to the completion of transfers of ownership of a property, removes the requirement to suspend reporting to the credit bureaus in certain instances related to U.S. servicemembers, and more. |
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April 6, 2022 - The April Selling Guide update includes changes to allow the use of an attorney title opinion letter in lieu of a title insurance policy for certain transactions, aligns the Selling Guide with high-balance loan-level price adjustment (LLPA) waiver changes announced in LL-2022-01, clarifies when a new desktop appraisal is required based on the age of the appraisal and that American National Standards Institute® (ANSI®) measurement standards do not apply to desktop appraisals, and more. |
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Selling Guide - PDF Version (April 6, 2022) |
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Updated April 6, 2022 – This Lender Letter provides information about a new refinance option – RefiNow™ – that will enable more borrowers to refinance to a lower interest rate and reduce their monthly mortgage payment. |
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March 2, 2022 - The March Selling Guide update includes changes to single-close construction-to-permanent transaction requirements, adds Condo Project Manager™ (CPM™) status designations to align with the enhancements in the March 4 CPM release, and simplifies policy for the allowable interest rate permitted on a Community Seconds® transaction. |
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Selling Guide - PDF Version (March 2, 2022) |
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February 9, 2022 - The February Servicing Guide update includes changes to Fannie Mae short sale and Fannie Mae Mortgage Release™ requirements, modifies certain time frames and processes for HomeStyle® Renovation mortgage loans, updates allowable foreclosure attorney fees and Mortgage Release™ document preparation costs, automates the submission of Form 200, and other miscellaneous updates. |
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Servicing Guide - PDF Version (February 9, 2022) |
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February 2, 2022 - The February Selling Guide update includes changes to allow desktop appraisals for certain purchase transactions, updates the HomeStyle® Renovation loan agreement, modifies certain time frames and processes for HomeStyle® loans, provides a loan-level price adjustment credit for HomePath® properties, simplifies documentation requirements for depository assets, clarifies reporting requirements related to anti-money laundering Bank Secrecy Act requirements, and more. |
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Selling Guide - PDF Version (February 2, 2022) |
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January 5, 2022 – This Lender Letter provides information about changes to loan-level price adjustments (LLPAs) that will apply to second home and high-balance mortgage loans. The updated LLPAs are effective for all whole loans purchased on or after April 1, 2022, and for loans delivered into MBS pools with issue dates on or after April 1, 2022. |
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Provides a summary of Selling Guide, Servicing Guide, and other policy related communications & updates issued in 2021. |
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December 15, 2021 - The December Selling Guide update modifies the definition of principal residence to include military service members on active duty, clarifies required documentation when a borrower has filed an extension with the IRS, expands allowable comparable sales for new (or recently converted) projects, establishes standard requirements for measuring and calculating gross living area, and more. |
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Selling Guide - PDF Version (December 15, 2021) |
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December 8, 2021 - This Servicing Guide update consolidates into the Selling Guide certain policies regarding insurance applicable to both lenders and servicers, updates various borrower-facing servicing forms and documents, retires Form 2002, clarifies subservicer eligibility to perform general servicing duties and responsibilities for HomeStyle® Renovation mortgage loans not associated with property renovation, and adds a link to the Mortgage Insurance Claims Portal. |
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Servicing Guide - PDF Version (December 8, 2021) |
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As interest rates continue to remain low, refinances are an attractive option for many borrowers. There are many reasons a borrower may be seeking to refinance – lowering the interest rate, lowering monthly payments, shortening the loan term, moving to a fixed-rate from an ARM, moving to a different ARM index, or taking equity out of the property. We offer several refinance options. |
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November 30, 2021 - Fannie Mae loan limits are increasing in 2022. The new loan limit for most of the country will be $647,200 — an 18.05% increase over the 2021 limit — and is effective for whole loans delivered to Fannie Mae and loans in MBS pools with issue dates on or after Jan. 1, 2022. |
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November 17, 2021 - This Servicing Guide update revises servicer requirements regarding the initial inspection order date and clarifies servicer responsibilities for instructing mortgage insurers to release data to us pertaining to a certain population of mortgage loans. |
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Servicing Guide - PDF Version (November 17, 2021) |