Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Fannie Mae updated two Lender Letters yesterday, LL-2020-03 and LL-2020-04, to its single-family sellers communicating temporary policies in response to the COVID-19 national emergency. Jan. 14, 2021. Lender Letter Content published Apr. Age of documentation; Verification of self-employment 31, Apr. See Lender Letter LL-2020-09, Incentive Fees for Retention Workout Options for the new temporary structure for incentive fees for completed repayment plans, payment deferrals/COVID-19 payment deferrals, and Fannie Mae Flex Modification. 344 0 obj <> endobj Note: In connection with loans a lender intends to sell to Fannie Mae… 30, 2020 Unemployment benefits as qualifying income Additional resources: providing links to COVID-19 resources, such as prior selling and servicing lender letters and FAQs Additions to Lender Letter on May 5, 2020, updated Jun. Multifamily Mortgage Business Lender Letter 20-14 . Servicers who have questions about this Lender Letter should contact their Fannie Mae Account Team, Portfolio Manager, or Fannie Mae’s Single-Family Servicer Support Center at 1-800-2FANNIE (1-800-232-6643). �}н�֡�E��k�l�ׅ�2 introduced in Lender Letter LL-2020-09, Incentive Fees for Retention Workout Options Clarifying when a COVID-19 impacted borrower whose mortgage loan was modified pursuant to HAMP loses good standing Clarification on continued solicitation for a Fannie Mae Flex Modification based on reduced eligibility criteria when a Today, Fannie Mae released Lender Letter (LL-2020-04), Impact of COVID-19 on Appraisals, to its single-family sellers communicating temporary policies in response to the COVID-19 national emergency. ;L�ԂF�g�����_ӻ|R�3#et�.n�|z_3gx���3�Fo�N+x,����xJ�4��Ƙ��ČQ�峌Bi��{���>d��e����A�X��A:�~-�����q��A��Zs��t��;�)��G��Sc��BE�:{��6F��2_�E���f��'�s��4�����h��4�b�Ԧ��f��r���{f�h+�$m �1�J J�`���a���2 SS����Bd1X�A�o��H�u����C?쐠�Դ?H�q/�2��$}*�ƁG�|��1�sјKr�U���i���T#�oZe�շs5�|>���yg^��v//���>-W`}AG}�_ӥ(t�D4x�Q���Z��`Q�_�D-�$���d%v�ԟ�%y��9�qyU�ϟ:��G�+.��H����wϭ��v�l��u��l��:�&��u� ����|$�����b��aA�H=. 1175 0 obj <>stream 23, 2020, updated May 5, 2020 Verbal verification of employment: offering flexibilities related to the lender’s process … HIGHLIGHTS Effective September 30, 2020, Fannie Mae will update the Deal Data requirements in DUS Gateway®. We are continuing to collaborate with FHFA and Freddie Mac and will update and republish this Lender Letter as necessary. Multifamily Mortgage Business Lender Letter 20 -16 . 23, 2020. Fannie Mae Lender Letter LL-2020-05: Payment Deferral. We are here to help you overcome business disruptions, adopt new regulatory and operational procedures, and offer immediate and long-term relief to struggling homeowners and renters. 1141 0 obj <>/Filter/FlateDecode/ID[<1C4C0F663DD5A24FAD17A974D162E18E>]/Index[1120 56]/Info 1119 0 R/Length 105/Prev 263354/Root 1121 0 R/Size 1176/Type/XRef/W[1 3 1]>>stream The Lender Letter provides information about the following:. Lender Letter (LL-2021-01) Jan. 06, 2021. Fannie Mae sent out a lender letter Thursday announcing that it is extending the application deadline for it’s temporary policies until July 31, 2020. h�b```�=��� ce`a������k���P�P,�q"E��f����里���8kN�k'8U���S�Ț���e��e k��Fᎎ��0m��\!4�:�F��T����~ -�2`�,���� endstream endobj 345 0 obj <. In lieu of issuing new Lender Letters, Fannie Mae will continue to revise the existing letters with modifications. From: Te-Mika Warner, Associate General Counsel . The policies in this Lender Letter are effective immediately and are effective until Fannie Mae provides further notice. Regardless of specific lender variances, only Fannie Mae-owned, limited cash-out refinance transactions being sold to Fannie Mae and purchase transactions are eligible for the appraisal flexibility shown in the following table: 370 0 obj <>/Filter/FlateDecode/ID[<6EA31B2ABFFE714C9EEA5F47BC27A8CE>]/Index[344 45]/Info 343 0 R/Length 122/Prev 141509/Root 345 0 R/Size 389/Type/XRef/W[1 3 1]>>stream 14, 2020 LL-2020-03, Impact of COVID-19 on Originations, has been updated to include the following additional sections:. %%EOF In fact, your loan can be sold multiple times, and you’ll never hear a word about it. At Fannie Mae, we have put policies in place to help keep our people healthy and our business open so we can deliver for our customers, the housing market, and the broader economy. 9, 2020 Jun. Fannie Mae released Lender Letter (LL-2020-02), Impact of COVID-19 on Servicing, to its single-family servicers communicating temporary policies to enable servicers to better assist borrowers impacted by COVID-19. March 23, 2020. h�b```����@��(����� R��ж�%�q��,�ZoĻxEX�1G|�����S����Q Ҩ�qlW)_@�ẹ�OV,�zy�RK�خ��N1�z�Z���J�������f0W��ë�c��S��X���7��.�z�����R���d$:؀$3�i$��AL�@�� f3�;:+:���*���0K���� �HD�;�;00�c�gt� uÌ�a�YɆ�2W\�\��!�(�}�݉�øW@�M��y�M ����{��,L ���@� �Mt� 31, 2020 Mar. "�c*�Av1 Temporary appraisal requirement flexibilities; Desktop appraisals; Exterior-only inspection appraisals Subject: Lender Letter 20 -13 – Loan Document Update . 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