The Selling and Servicing Guides are organized into parts that reflect how The Guide is amended periodically through the issuance of Announcements. Dec 04, Selling Guide Updates. These updates were made in December: reduced complexity for appraisal waiver offers during a disaster, approved. the PDF version of this Selling Guide from Fannie Mae-controlled Web sites is granted solely
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Fannie Mae Announcement New Selling Guide
The preview is a draft version of the “authoritative” version of the Selling Guidethe purpose of which was to provide an opportunity for lenders to get tuide with the new Selling Guide structure, writing style, organization, and many other changes that are sel,ing below.
Fannie Mae is now announcing the release of the new “authoritative” version of the Selling Guide on April 1,which will replace the Selling Guide as updated by announcements.
Fannie Mae’s goals in creating the newly restructured and rewritten Selling Guide were to make it easier for lenders to do business with Fannie Mae by. The new Selling Guide contains the current policies and procedures in the July Selling Guide and announcements issued since the Selling Guideswlling for those listed in the attachment to this Announcement.
In addition, the policy and selling requirements in the following guides have been incorporated into the new Selling Guide:. In conjunction with the release of the new Selling Guidethese guides will be retired on April 1, Also note that certain data entry requirements and efanniemae.com user gide that was previously contained in the Guide to Underwriting with DU will be made available on eFannieMae.
In addition, there are many embedded links to Fannie Mae forms and reference materials that are posted on eFannieMae.
Although the new Selling Guide eliminates redundancies and outdated procedures and processes, it does not introduce new policies or make changes that have not been communicated in an announcement. Notwithstanding the foregoing, Fannie Mae has clarified many of the policies in the Selling Guide to reduce the ambiguity of the xelling.
For example, the term “Lender Contract” has replaced references to the Mortgage Selling and Servicing Contract and other agreements because it is a more concise representation of all contracts and commitments lenders have with Fannie Mae. Click here to view the entire PDF of the Announcement.
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Goals for the New Selling Guide Fannie Mae’s goals in creating the newly restructured and rewritten Selling Guide were to make it easier for lenders to do business with Fannie Mae by presenting legal requirements, representations and warranties, and business terms more clearly and concisely; efannie,ae.com the content to achieve a logical flow of information and facilitate search capabilities; and enhancing Fannie Mae’s ability to incorporate future content changes more quickly.
Access Options Lenders will be able to access the new Selling Guide by subscribing directly to AllRegs for an enhanced electronic version with additional features and a higher degree of functionality than the free version on the AllRegs Web site; using a free electronic version on the AllRegs Web site through a link from eFannieMae.
Contents of the new Selling Guide The new Selling Guide contains the current policies and procedures in the July Selling Guide and announcements issued since the Selling Guideexcept for those listed guidd the attachment to this Announcement. In addition, the policy and selling requirements in the following guides have been incorporated into the new Selling Guide: Keep informed of the latest industry news.
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