Fannie Mae Announces Updates to Origination Policies

Today, Fannie Mae published Lender Letter LL 2021-03, Impact of COVID-19 on Originations retiring certain policies regarding verification of employment and temporary changes to eligibility requirements for purchase and refinance transactions due to the impact of COVID-19. The changes are effective immediately and all standard Selling Guide policies now apply.

For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.