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 does a lender self-report loans to Fannie Mae?

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

How does a lender self-report loans to Fannie Mae?

All self-reporting takes place in Loan Quality Connect™. This includes creating and submitting the self-report, uploading all supporting documentation, and tracking a loan's status as we make a decision as to how to proceed. To facilitate the self-reporting process for COVID-19 loans, we added “COVID forbearance” to the selfreport reason menu in Loan Quality Connect. As a reminder, the lender must notify us within 30 days of identifying loans not eligible for delivery.

Refer to D1-3-06, Lender Post-Closing Quality Control Reporting, Record Retention, and Audit, for all of our self-reporting requirements.

A Job Aid on how to self-report is available to assist lenders with this process. 

For more information, refer to the published Lender Letter LL-2020-06, Selling Loans in Forbearance Due to COVID-19.

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