Fannie Mae Lender Letter LL-2020-13 Automatic Reclassification of Delinquent MBS Mortgage Loans

September 30, 2020

Fannie Mae is changing the trigger for automatic reclassification from four consecutive months delinquent to 24 consecutive months delinquent (measured by the last paid installment date), effective for mortgage loans that become greater than four consecutive months delinquent on or after February 2021 remittance activity (based on January 2021 reporting activity).

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now