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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Can a borrower waive the right to rescind on a refinance transaction due to the pandemic?

Note: This FAQ comes from the published COVID-19, FAQs on Closing & Title

Can a borrower waive the right to rescind on a refinance transaction?

Fannie Mae does not set requirements around rescission periods. If a lender chooses to allow a borrower to waive the rescission period, they must follow and comply with applicable regulatory requirements.

For more information, refer to the published Lender Letter LL-2020-03, Impact of COVID-19 on Originations.

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