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.
