August 6, 2024
Selling Notice - Implementation date for Reconsideration of Value updated to October 31
In May 2024, we issued Selling Guide Announcement SEL-2024-03 related to the development of a framework for lenders to review and respond to a borrower-initiated reconsideration of value (ROV). While lenders are encouraged to implement the ROV policy immediately, they must do so for loans with applications dated on or after the new effective date of October 31, 2024.
