Contents:
Share:
Fannie Mae: COVID-19 Impact on Originations and Appraisals Lender Letters
Fannie Mae Selling + Servicing News
March 23, 2020
Featured News
COVID-19 impact on originations Lender Letter
We’ve issued Lender Letter LL-2020-03 providing reminders and temporary guidance on these loan origination policies: verbal verification of employment; continuity of income; notes, electronic records, and signatures; title insurance; and seller/servicer business continuity and submission of financial statements.
COVID-19 impact on appraisals Lender Letter
We’ve issued Lender Letter LL-2020-04 providing temporary guidance on appraisal requirements and completion reports, including allowing exterior-only and desktop appraisals for many transactions.
