Fannie Mae issued Servicing Guide Announcement SVC-2020-08 (Announcement), setting forth modified liquidity eligibility requirements for non-depository seller/servicers. Per the Announcement, the unused, undesignated, and available portions of credit lines (including those for, or partially for, servicing advances) will no longer count as eligible liquidity. Non-depository seller/servicers must be compliant with the updated requirements based on financials reported as of March 31, 2021.
Click to view the Fannie Mae Servicing Guide Announcement SVC-2020-08: https://www.tenaco.com/wp-content/uploads/2020/12/Fannie-Mae-Servicing-Guide-Announcement-SVC-2020-08.pdf
