Fannie Mae Selling Guide Announcement (SEL-2021-08)

September 01, 2021

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Fannie Mae has updated the Selling Guide to allow lenders to utilize a positive rent payment history to help increase homeownership opportunities for certain first-time homebuyers, update the credit score used by DU in the eligibility assessment when there is more than one borrower, incorporate policies in Lender Letter LL-2021-11, provide more detailed instructions related to business continuity, cross-default provisions, and clear reporting standards, update lender down payment assistance, DU Version 11.0 September updates, and update co-op document requirements.

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