Fannie Mae Extends Temporary Repurchase Accommodation Period to December 31

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On May 23, Fannie Mae announced that the 90-day temporary repurchase accommodation period established in Servicing Announcement SVC-2011-12 has been extended to December 31, 2012. Absent the accommodation, servicers would have had 30 days to complete repurchases or submit paperwork required to formally appeal repurchase or make-whole requests. The accommodation was previously set to expire on June 30, 2012.

 

Published In: Administrative Agency Updates, Finance & Banking Updates, Residential Real Estate Updates

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