Fannie Mae Updates Temporary Origination Policies in Response to COVID-19 Pandemic
Today, Fannie Mae updated its Lender Letter LL-2021-03, Impact of COVID-19 on Originations, communicating changes to its single-family sellers. Effective immediately, we are retiring the age of documentation and market-based asset policies that have been in place. Note that we will also be reinstating representation and warranty relief for employment validation within the DU validation service in a future release.
For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.