Legal Alert

Fannie Mae and Freddie Mac Extend Origination Flexibilities Due to COVID-19

by the Mortgage Banking Group
August 28, 2020

As previously reported, the Federal Housing Finance Agency (FHFA) recently announced the extension of various Fannie Mae and Freddie Mac origination flexibilities due to COVID-19 to September 30, 2020. Fannie Mae, in updates to Lender Letter 2020-03, Lender Letter 2020-04 and Lender Letter 2020-06, and Freddie Mac, in Bulletin 2020-34 and Bulletin 2020-35, address the specific temporary origination policies that are extended to September 30, 2020.

Additionally, Fannie Mae, in Lender Letter 2020-12, and Freddie Mac, in Bulletin 2020-35, address the extension to December 1, 2020 of the effective date for the Adverse Market Refinance Fee. The extension of the effective date was previously announced by the FHFA.

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