MortgageCurrentcy Subscriber Library

Description:

SELLING UPDATES RELATED TO COVID-19 – EXTENSION WITH NOTICE OF EXPIRATION

We continue to work closely with Fannie Mae under the guidance and direction of the FHFA to address the impacts of the coronavirus disease (COVID-19) pandemic on Borrowers and the Mortgage origination process.

We are extending the effective date for the flexibilities shown below for Mortgages with Application Received Dates through May 31, 2021. This is the final extension of these temporary flexibilities. Mortgages with Application Received Dates on or after June 1, 2021 must comply with the applicable Guide requirements.

• Appraisal flexibilities announced in Bulletins 2020-5, 2020-8 and 2020-11

• Completion report flexibilities, including builder certification and GreenCHOICE® Mortgage flexibilities, announced in Bulletins 2020-5 and 2020-8

• CHOICERenovation® Mortgage flexibilities announced in Bulletin 2020-19*

Document type:

  • Agency Bulletin/Form

Agency:

Freddie Mac

Download:

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