MortgageCurrentcy Subscriber Library

Description:

Loan Eligibility Under the Preferred Stock Purchase Agreement and Revised General Qualified Mortgage Rule.

In Lender Letter LL-2021-09 we introduced policies that were the result of the 2021 amendments to our senior preferred stock purchase agreement (PSPA) with Treasury and the revised General Qualified Mortgage loan definition in CFPB’s rule that became effective Mar. 1, 2021. We are providing additional details about underwriting and loan eligibility policies, certain Desktop Underwriter® implementation policies, and a change to our high LTV refinance product.

Document type:

  • Agency Bulletin/Form

Agency:

Fannie Mae

Download:

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