Fannie Mae announced that it will no longer charge a fee to exercise a property inspection waiver (PIW). The process for exercising a PIW offer will not change – lenders must provide special feature code (SFC) 801 at the time of loan delivery – but the fee will no longer apply. Discontinuance of the fee applies to all loans delivered with SFC 801 on or after January 1, 2017.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
