Fannie Mae Extends Temporary Selling and Appraisal Policies

Fannie Mae updated three Lender Letters today to its single-family sellers communicating temporary policies in response to the COVID-19 emergency.

• LL-2020-03, Impact of COVID-19 on Originations, and LL-2020-04, Impact of COVID-19 on Appraisals, have been updated to extend the temporary policies to loans with application dates on or before July 31, 2020.
• LL-2020-06, Selling Loans in Forbearance Due to COVID-19, has been updated to extend eligible note dates to July 31, 2020 and delivery to September 30, 2020.

Access the latest investor news and information related to the COVID-19 pandemic on the COVID-19 Investor Resources webpage.