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.
If a VOE indicates the borrower is actively employed, but borrower discloses they are furloughed, what are the next steps?
The income may not be used for qualifying. A borrower who is furloughed or laid off is not considered to be actively employed. See Lender Letter LL-2020-03, Impact of COVID-19 on Originations for details.
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