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.
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.