Contents: Share: March 23, 2020 We’ve issued Lender Letter LL-2020-03 providing reminders and temporary guidance on these loan origination policies: verbal verification of employment; continuity of income; notes, electronic records, and signatures; title insurance; and seller/servicer business continuity and submission of financial statements. We’ve issued Lender Letter LL-2020-04 providing temporary guidance on appraisal requirements and completion reports, including allowing exterior-only and desktop appraisals for many transactions.
Fannie Mae: COVID-19 Impact on Originations and Appraisals Lender Letters
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COVID-19 impact on originations Lender Letter COVID-19 impact on appraisals Lender Letter
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