July 2, 2025
Announcement SEL-2025-05: Selling Guide Updates
In July, we updated the Selling Guide to revise project standards policies for properties that are terminating or involved in insolvency proceedings, clarify reporting requirements related to anti-money laundering for non-Bank Secrecy Act regulated entities, extend the Desktop Underwriter® (DU®) loan casefile archival period to 540 days and resubmission timeframe to 18 months for single-close construction-to-permanent transactions, remove the dollar limit for lender incentives; and other miscellaneous updates.