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.

View All Selling Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

B3-2-06, Approve/Ineligible Recommendations (01/27/2015)

Introduction

This topic contains information on Approve/Ineligible recommendations.

 

Approve/Ineligible Recommendations

These recommendations do not take into consideration any additional credit risk or other factors that might be associated with the reason the loan is ineligible for delivery to Fannie Mae. The lender must determine if the reason for the ineligibility creates an additional layering of credit risk that should be considered as the lender makes the underwriting decision.

The following table provides further information about these recommendations.

Approve/Ineligible
Eligible for Fannie Mae’s limited waiver of certain mortgage eligibility and underwriting representations and warranties? No (see A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU)
Satisfies Fannie Mae’s credit risk standards/assessment? Yes, assuming that there is no additional credit risk associated with the eligibility criteria that are not satisfied
Satisfies Fannie Mae’s mortgage eligibility criteria? No
Eligible for delivery to Fannie Mae?

No, unless the lender either resolves the issue that resulted in the ineligibility, or has a negotiated contract that specifically permits delivery of the mortgage (also stated as a negotiated variance in its Master Agreement that covers the ineligible condition specific to the loan transaction).

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles

B3-2-01, General Information on DU (08/07/2018)

IntroductionThis topic contains general information on DU, including: Overview  Underwriting with DU  DU Underwriting Reports  Loan...

Read more

B3-2-02, DU Validation Service (06/03/2020)

IntroductionThis topic contains information on the DU validation service, including: General Information  Authorized Vendors and Verification...

Read more

B3-2-03, Risk Factors Evaluated by DU (12/04/2018)

IntroductionThis topic contains information on the risk factors evaluated by DU, including: Risk Factors Evaluated by DU  Credit History ...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.