Fannie Mae issued Selling Guide Announcement SEL-2016-03 (Announcement). This Announcement: introduces the HomeStyle Energy mortgage loan (enabling the borrower to finance energy-efficient upgrades when purchasing or refinancing a home); simplifies policies for borrowers with multiple financed properties; eliminates the special lender approval requirement with respect to Texas Section 50(a)(6) mortgage loans; removes the restriction prohibiting a power of attorney in connection with a Texas Section 50(a)(6) mortgage loan; updates co-op share loan policies; clarifies flood insurance coverage requirements; and announces several miscellaneous Selling Guide updates.
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
