Fannie Mae Lender Letter (LL-2021-07) COVID-19 Payment Deferral

February 10, 2021

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Fannie Mae published LL-2021-07 to update provisions of LL-2020-07, including permitting the mortgage loan to be less than or equal to 15 months delinquent as of the date of the evaluation, and eliminate the limit of one COVID-19 payment deferral and instead limit the COVID-19 payment deferral to a cumulative deferral of 15 months of past-due principal and interest (P&I) payments.

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