Fannie Mae Updates Temporary Appraisal Policies in Response to COVID-19 Emergency

Today, Fannie Mae updated its Lender Letter LL-2021-04, Impact of COVID-19 on Appraisals, communicating to its single-family sellers that the effective date of this lender letter is extended to May 31, 2021. After May 31, LL-2021-04 will no longer apply, with the exception of HomeStyle Renovation seasoning policy, and lenders should follow all standard Selling Guide policies.

For additional details please view the Lender Letter or visit our COVID-19 Investor Resources webpage.