Fannie Mae releases new Lender Letters on originations and appraisals
In its evolving response to the COVID-19 pandemic, Fannie Mae has released two separate Lender Letters addressing originations and appraisals. Lender Letter LL-2020-03 addresses questions and concerns of industry partners related to how originations have been impacted by the COVID-19 pandemic. Lender Letter LL-20202-04 allows temporary flexibilities to the standard appraisal requirements.
For more information, Fannie Mae has released an FAQ sheet, available here. You may also view Fannie Mae's COVID-19 resource center here.
This is for informational purposes only. It is not intended to be legal advice and does not create or imply an attorney-client relationship.Download PDF