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
Servicing Guide - PDF Version (October 13, 2021) |
|
October 13, 2021 - This Servicing Guide update includes changes that modify the requirements for the reclassification and repurchase of regular servicing option MBS mortgage loans and simplify the submission process for requesting servicing and subservicing transfers. |
|
October 13, 2021 - This Lender Letter specifies temporary requirements that impact the eligibility of certain condo and co-op projects. These requirements relate to significant deferred maintenance and unsafe conditions, special assessments, reserve requirements, project eligibility waivers, and more. Additionally, these requirements are designed to protect borrowers from physically unsafe or financially unstable projects, and to prudently manage risk for Fannie Mae, our lenders, and investors. |
|
October 6, 2021 - This Selling Guide update modifies the permitted homeownership education and counseling providers to allow qualified third parties to administer homeownership education and counseling, no longer requiring the sole use of the Framework® program, when it becomes effective January 2022. Other changes include the removal of constant maturity treasury indexed-ARMs and the replacement of references to the Software Subscription Agreement Master Terms and Conditions with a new Consolidated Technology Licensing Guide. |
|
Selling Guide - PDF Version (October 6, 2021) |
|
We previously announced the introduction of the MI Claims Portal (MICP) and the associated MI Claims Portal Participants Exhibit, which lists the mortgage insurers that are participating in MICP. The Participants Exhibit has been updated to include two additional mortgage insurers and their applicable MICP participation effective date. We are also clarifying that the Oct. 1, 2021 effective date for the policy change is based on the liquidation date of the mortgage loan, as reflected in both the Servicing Guide and the Participants Exhibit, and not the date on which the MI claim was filed. |
|
The Document Custodian Notice includes the following topics:
|
|
Servicing Guide - PDF Version (September 8, 2021) |
|
September 8, 2021 - This Servicing Guide update aligns the Servicing Guide with changes related to Form 582 recently announced in SEL-2021-08, adds duties and responsibilities for all servicers with a portfolio of 20,000 or more Fannie Mae mortgage loans, and removes the requirement to conduct the final interior property inspection for a Mortgage Release™. |
|
September 1, 2021 – This Selling Guide update allows lenders to use positive rent payment history in Desktop Underwriter ® (DU®) to help increase homeownership opportunities for certain first-time homebuyers, updates the credit score used by DU in the eligibility assessment when there are multiple borrowers, incorporates qualified mortgage policies addressed in LL-2021-11, revises Form 582 submission requirements, updates co-op document requirements, and more. |
|
Selling Guide - PDF Version (September 1, 2021) |
|
Fannie Mae recognizes that in several states the sheriff’s office performs some or all of the tasks associated with advertising, scheduling, and conducting the foreclosure sale. Foreclosure attorneys are required to work with the sheriffs in these states in order to complete the foreclosure sale. |
|
August 11, 2021 - This Servicing Announcement incorporates previously communicated changes regarding payment deferral gross servicing fee and guarantee fee reimbursement, and foreclosure P&I advance reimbursement. It also extends the mandatory effective date of the IRS reporting changes that were previously announced. |
|
August 4, 2021 – This Selling Guide update includes these changes: reduces asset documentation requirements for refinanced transactions, clarifies when an appraisal update or new appraisal is needed, updates the MBS trade confirmation process, and provides other miscellaneous updates. The announcement also describes updates made to all uniform legal instruments to enhance clarity and usability. |
|
Selling Guide - PDF Version (August 4, 2021) |
|
July 16, 2021 - This Lender Letter announces elimination of the adverse market refinance fee effective Aug. 1, 2021. |
|
July 14, 2021 - This Servicing Guide update includes changes to broaden the requirements for acceptance of mortgage assistance funds, introduce a new process for filing conventional mortgage insurance (MI) claims in the new Fannie Mae MI Claims Portal (MICP), simplify the REOgram notification process, and include a reference to recently added Selling Guide policies for notarization standards and remote ink-signed notarization. |
|
Servicing Guide - PDF Version (July 14, 2021) |
|
July 7, 2021 – This Selling Guide update includes these changes: reduces asset documentation requirements for refinanced transactions, clarifies when an appraisal update or new appraisal is needed, updates the MBS trade confirmation process, and provides other miscellaneous updates. The announcement also describes updates made to all uniform legal instruments to enhance clarity and usability. |
|
Selling Guide - PDF Version (July 7, 2021) |
|
The Document Custodian Notice includes the following topics: ▪ Document Certification Audit Report Job Aid |
|
June 9, 2021 - This update adjusts our requirements for IRS reporting, streamlines our process for obtaining loss mitigation valuation information, clarifies when borrowers must make full monthly contractual payments during the month of solicitation for a disaster payment deferral, provides an alternative means of verifying borrower income and asset information through third-party vendors, and includes miscellaneous updates. |
|
Servicing Guide - PDF Version (June 9, 2021) |
|
June 2, 2021 – This Selling Guide update includes: new topic on notarization standards with requirements for remote ink-signed notarization; clarifies timing expectations for electronic data submission in Loan Delivery; and clarifies that loans with technical or typographical corrections are not considered modified loans. |
|
Selling Guide - PDF Version (June 2, 2021) |
