Fannie Mae Lender Letter (LL-2020-02) Impact of COVID-19 on Servicing - UPDATED

July 16, 2020

Fannie Mae has updated LL-2020-02 to clarify reporting requirements when a borrower impacted by a COVID-19-related hardship experiences another, concurrent hardship, and to address these new topics: disbursing hazard loss draft proceeds and impact of COVID-19 on Fannie Mae Home Affordable Modification Program “Pay for Performance” incentives.

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