Fannie Mae has Published Updated Single-Family and Multifamily MBS Prospectuses effective May 1, 2020
Fannie Mae has updated the Single-Family MBS Prospectus. The updates include, but are not limited to, the following:
- Risk factors and information related to the COVID-19 pandemic
- Acquisition of mortgage loans in forbearance due to COVID-19 and forbearance eligibility
- Use of alternative property valuation methods
- SOFR index and related risk factors
Fannie Mae has also updated the Multifamily MBS Prospectuses. The updates include, but are not limited to, the following:
- Risk factors and information related to the COVID-19 pandemic
- Information on Paycheck Protection Program (PPP) loans for multifamily borrowers as a part of the CARES Act
- Alternative inspection methods as a result of limited property access
The updated Single-Family MBS Prospectus is effective for Single-Family MBS issued on or after May 1, 2020. The updated Multifamily MBS Prospectuses will be used for Multifamily MBS issued on or after May 1, 2020. Investors should review and become familiar with the information contained in the applicable prospectus or prospectuses.
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3, or by email.
Learn more about what Fannie Mae is doing in response to the COVID-19 emergency on Our Approach page.