Fannie Mae Lender Letter LL-2020-07 – COVID-19 Payment Deferral (Updated)

October 14, 2020

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Fannie Mae has updated LL-2020-07 to clarify when a borrower who accepts a COVID-19 payment deferral remains eligible for any future HAMP “pay for performance” incentives and clarify that a mortgage loan with an origination date after Mar. 1, 2020, the effective date of the National Emergency Declaration, does not exclude it from COVID-19 payment deferral eligibility.

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