Fannie Mae Lender Letter (LL-2021-09) Introduction of Changes to Loan Eligibility Due to the Preferred Stock Purchase Agreement and Qualified Mortgage Rule

April 08, 2021

Subscribe Today

In accordance with LL-2021-09, Fannie Mae will no longer acquire loans that are GSE Patch loans that do not meet the Revised QM Rule unless the loan has an application date on or before Jun. 30, 2021, and is purchased as a whole loan on or before August 31, 2021, or is in an MBS pool with an issue date on or before August 1, 2021.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now