Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

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How should lenders treat IRS Form 4506-T requests that are “in process” but have been delayed?

Note: This FAQ comes from the published COVID-19, FAQs on Quality Control

How should lenders treat IRS Form 4506-T requests that are “in process” but have been delayed?

An IRS Form 4506-T that has been delayed should be treated as a reverification flexibility; however, when the IRS resumes operations and the tax transcript is obtained, a lender may remove the loan from the special discretionary sample selection required for reverification flexibilities. 

For more information, see Lender Letter LL-2020-03, Impact of COVID-19 on Originations.

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