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 SEL-2021-09 Selling Guide Updates	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 - October 6, 2021	Selling Guide - PDF Version (October 6, 2021)
Servicing Notice - MI Claims Portal Participants Exhibit	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.
Custodian Notice 2021-05	The Document Custodian Notice includes the following topics: Notification of Fannie Mae’s Concurrent Sale of Servicing Delivery Instructions to Sellers and Servicers
Servicing Guide - September 8, 2021	Servicing Guide - PDF Version (September 8, 2021)
Announcement SVC-2021-06 Servicing Guide Update	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™.
Announcement SEL-2021-08 Selling Guide Updates	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 - September 1, 2021	Selling Guide - PDF Version (September 1, 2021)
Servicing Notice - Claims for Reimbursement and Documentation for Foreclosure Sheriff’s Costs	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.
Announcement SVC-2021-05 Servicing Announcement	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.
Announcement SEL-2021-07 Selling Guide Updates	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 - August 4, 2021	Selling Guide - PDF Version (August 4, 2021)
Lender Letter LL-2021-13 Elimination of the Adverse Market Refinance Fee	July 16, 2021 - This Lender Letter announces elimination of the adverse market refinance fee effective Aug. 1, 2021.
Announcement SVC-2021-04 Servicing Guide Update	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 - July 14, 2021	Servicing Guide - PDF Version (July 14, 2021)
Announcement SEL-2021-06 Selling Guide Updates	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 - July 7, 2021	Selling Guide - PDF Version (July 7, 2021)
Custodian Notice 2021-04	The Document Custodian Notice includes the following topics: ▪ Document Certification Audit Report Job Aid
Announcement SVC-2021-03 Servicing Guide Update	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 - June 9, 2021	Servicing Guide - PDF Version (June 9, 2021)
Announcement SEL-2021-05 Selling Guide Updates	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 - June 2, 2021	Selling Guide - PDF Version (June 2, 2021)
Lender Letter LL-2021-11 Loan Eligibility Qualified Mortgage Rule	May 26, 2021 - This Lender Letter provides details about underwriting and loan eligibility policies, certain Desktop Underwriter® implementation policies, and a change to our high LTV refinance product to align with the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule under the Ability to Repay regulation as required by 2021 amendments to our senior preferred stock purchase agreement.
Selling Notice - Area Median Incomes 2021	During the weekend of Jun. 5, the 2021 AMIs will be implemented in Desktop Underwriter® (DU®) and published on our website for use with manually underwritten loans. DU will apply the 2021 limits to new DU loan casefiles created on or after Jun. 5, 2021. Loan casefiles created prior to Jun. 5, 2021 will continue to use the 2020 limits. For manually underwritten loans, lenders are encouraged to use the 2021 limits immediately, but are required to use them for loans with application dates on or after Jul. 1, 2021.
Servicing Notice - Advance Notice of Retirement of Automated Property Service	We are providing advance notice to servicers that effective on July 19, 2021, Fannie Mae will retire its Automated Property Service™ (APS).