Fannie Mae Lender Letter (LL-2021-03) Impact of COVID-19 on Originations

January 14, 2021

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Fannie Mae LL-2020-03 extends the application dates for verbal verifications of employment and power of attorney flexibilities to February 28, 2021; reorganizes content to show first the policies with explicit expiration dates and move like content closer together (income and employment); removes outdated content that no longer applies (such as quality control flexibilities, submission of financial statements, and reminders of current policies in the Selling Guide).

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