Legal Alert

Fannie Mae Updates COVID-19 Selling FAQs

by the Mortgage Banking Group
July 31, 2020
On July 29, 2020, Fannie Mae updated its COVID-19 Selling FAQs. Topics addressed in the revised FAQs include rental income documentation, appraisals, construction-to-permanent loans, and credit obligations of the borrower other than mortgage debt, including obligations that are in a COVID-19 forbearance or deferral.

Copyright © 2020 by Ballard Spahr LLP.
(No claim to original U.S. government material.)

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.

This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry.