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  • In Case You Missed It
    Provides a summary of Selling Guide and policy related communications and updates.

Recent News

  • Fannie Mae Modification Interest Rate Adjustment Update new

    This Exhibit provides the new Fannie Mae Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications.

  • Selling and Servicing Notice: Related to Taxpayer First Act new

    Fannie Mae sellers and servicers must comply with a provision of the Taxpayer First Act that requires persons receiving tax return information to obtain express taxpayer permission to share return information with any other third parties.

  • Capital Markets holiday closure new

    Our Capital Markets Pricing and Sales Desk will be closed on Nov. 11. All Capital Markets transactions, including PE - Whole Loan?, PE - MBS?, MBS trading, and Early Funding, will be affected. PE - MBS will be available to roll, merge, and pair-off commitments. Fannie Mae’s other business offices will be closed.

  • Fannie Mae Reports Net Income of $4.0 Billion for Third Quarter 2019 new

    Read more about our second quarter financial results in our news release, Form 10-K, and credit supplement.

  • Servicing Notice: Retirement of HomeSaver Solutions Network Workout Functionality new

    Effective December 31, 2020, Fannie Mae will retire the loan workout reporting and related functionality in HomeSaver Solutions Network (HSSN). As a part of Simplifying Servicing, HSSN functionality is being transitioned to Fannie Mae’s Servicing Management Default Underwriter? (SMDU), SMDU User Interface (UI), and SMDU Case Management for all workout reporting processes. We encourage servicers currently using HSSN to fully transition this activity to SMDU prior to December 31, 2020.

  • Servicing Reports Moving to New Locations

    To increase operational efficiencies, several Message Manager As-Is and Fannie Mae Connect reports are moving to new locations. Please begin planning for these changes today. Review the full list of servicing reports that are affected by this change.

  • Selling Reports Moving to New Locations

    MBS Closing Statements and MBS Same Month Pooling will retire from Message Manager on November 1. Find them in the Loan Delivery category of Fannie Mae Connect Report Center. BU/BD Ratios are now in PE-MBS application, retiring from MM on December 22.

  • Servicing Reports Transition Document

    In an ongoing effort to simplify servicing and increase operational efficiencies, Fannie Mae is working to streamline and centralize key information and data from multiple reporting applications.

  • New Static URLA Published

    The GSEs have published the updated static version of the redesigned Uniform Residential Loan Application (URLA/Fannie Mae Form 1003) reflecting the changes directed by the Federal Housing Finance Agency (FHFA) that were announced in August 2019.

  • October 2019 AQM List Posted

    The October 2019 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.

  • Greater flexibility when pooling MBS

    Beginning October 15, you now have greater flexibility when selecting your settlement date--allowing you to pool sooner, if you choose. The standard book entry form is now is now 3 business days for Fannie Majors and 4 business days for a single-issuer pool.

  • Without Data Standards, the Mortgage Industry Doesn’t Go Digital

    This white paper describes the importance of a foundation based on data standards as the mortgage industry moves to innovate and deliver the digital experience borrowers want.

  • Servicing Notice: Eliminating Servicer Responsibilities for Paying HOA, COA, and Co-op Corporation Fees on Acquired Properties

    Fannie Mae now assumes the responsibility for the payment of all property taxes, ground rents, as well as fees and assessments invoiced by an HOA, condo association, or co-op corporation once the foreclosure sale or Mortgage Release occurs.

  • DU Version 10.3 December Release

    During the weekend of Dec. 7, 2019, Fannie Mae will implement an update to DU Version 10.3. Unless specified in the release notes, the changes in this release will apply to DU Version 10.3 loan casefiles submitted or resubmitted on or after the weekend of Dec. 7, 2019.

  • MH Advantage Overview Webinar

    With Fannie Mae's innovative MH Advantage offering, designated manufactured homes (MH) designed with features similar to site-built homes are now eligible for financing terms more consistent with standard conventional loans. Join us for an overview of MH Advantage mortgages to see how our new offering fits into your portfolio.

  • Selling Guide Updates

    October updates announce changes to homeownership education requirements, clarify policies on employment offers and contracts, revise rental income policy, establish anti-money laundering activity reporting requirements, and more.

  • Key Selling Announcement SEL-2019-08 Updates

    For a summary of key updates in this Selling Guide announcement, view the executive overview by Malloy Evans, Chief Credit Officer for Single-Family.

  • Recap of system enhancements

    We’ve heard you! Over the last year, our claims processing, post-payment, and inquiry response applications have been updated with new features and enhancements to simplify expense reimbursement.

  • Servicing Guide Updates

    September changes include updates to the maximum allowable foreclosure and bankruptcy attorney fees and other miscellaneous revisions.

  • Malloy Evans: Key Updates in Latest Servicing Announcement (September 11, 2019)

    For a summary of key updates in this Servicing Guide Announcement, view the executive overview by Malloy Evans, Chief Credit Officer for Single-Family.

  • AAA Matrix Update – September 2019

    Fannie Mae has updated all AAA matrices effective 9/11/2019 per Servicing Guide Announcement SVC-2019-06. This communication provides notification to servicers of all updates made to the AAA matrices during this release.

  • AMN September Release Notes Now Available

    During the weekend of September 7, 2019, Fannie Mae will implement Release 25.2, which includes changes and enhancements to Asset Management Network (AMN) HomeSaver Solutions Network (HSSN). Please review the release notes for additional details.

  • Lender Letter LL-2019-07: Advance Notice of Fannie Mae-Initiated Principal and Interest Drafts for Scheduled/Scheduled and Scheduled/Actual Portfolio Mortgage Loans

    This Lender Letter provides advance notification to servicers of changes that will simplify and streamline the cash remittance and reconciliation process. The effective date for the changes in this Lender Letter is targeted for the second quarter of 2020; servicers will be notified once a specific effective date is determined.

  • Validation and Approval of Credit Score Models

    FHFA has directed Fannie Mae and Freddie Mac to solicit applications for “Validation and Approval of Credit Score Models.”

  • There’s more to mortgages than credit scores

    Learn more about how Fannie Mae uses credit scores and credit score models … and what else our automated underwriting system considers.

  • URLA February 1, 2020 Mandate Rescheduled

    FHFA has directed Fannie Mae and Freddie Mac to make specific modifications to the redesigned Uniform Residential Loan Application (URLA)/Form 1003. To allow time to make the necessary changes, deadlines for implementation of the redesigned Form 1003 and DU Specification will be postponed.

  • Selling Guide Updates

    August updates implement changes to lender quality control requirements, introduce construction-to-permanent financing for manufactured homes, clarify appraisal waiver eligibility for refinance transactions, and more.

  • Key Selling Announcement SEL-2019-07 Updates

    For a summary of key updates in this Selling Guide announcement, view the executive overview by Malloy Evans, Chief Credit Officer for Single-Family.

  • Announcement SEL-2019-07

    This announcement provides more clarity to our lender quality control (QC) requirements. Updates relate to reverification of income and employment, QC function independence, QC staffing, and more.

  • MH is now Eligible for C-to-P financing

    Manufactured homes are now eligible for Construction-to-Permanent financing. Find more details on the C-to-P Financing page or New Manufactured Home Financing Matrix.