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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Do existing disaster policies in the Selling Guide apply to the COVID-19 pandemic? 

Note: This FAQ comes from the published COVID-19, FAQs on Underwriting & General.

Do Fannie Mae’s existing disaster policies in the Selling Guide apply to the COVID-19 pandemic?

No, Fannie Mae’s existing policies related to disasters do not apply to loans impacted by COVID-19.  Instead, lenders can follow the guidance in Lender Letters LL-2020-03Impact of COVID-19 on Originations and LL-2020-04Impact of COVID-19 on Appraisals. All guidance specific to COVID-19 will be communicated through Lender Letters and FAQ documents such as this.

Also, note that loans in forbearance due to COVID-19 are not subject to the disaster-related forbearance policies in A2-3.2-02, Enforcement Relief for Breaches of Certain Representations and Warranties Related to Underwriting and Eligibility. 

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

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