August 9, 2023
Lender Letter LL-2023-07 COVID-19 Payment Deferral and Fannie Mae Flex Modification for COVID-19 Impacted Borrowers
This Lender Letter updates policies previously published in LL 2021-07. Effective Nov. 1, 2023, the Quality Right Party Contact (QRPC) flexibility will be removed when evaluating borrowers for a COVID-19 payment deferral or flex modification. Eligibility criteria for these options will be revised to facilitate their retirement, along with the announcement of a final evaluation date and modification effective date.
