Fannie Mae Updates Selling Guide To Reflect Previously Announced Policies


On December 18, Fannie Mae issued Selling Guide Announcement SEL-2012-14 (Announcement) announcing updates to the Selling Guide to reflect previously announced changes related to disaster policy and DU Refi Plus™ and Refi Plus Property Policies™. The Announcement also (i) provides further clarification regarding escrow account requirements for refinance transactions and clarification that the escrow account requirements do not apply to DU Refi Plus and Refi Plus mortgage loans, (ii) incorporates the Desktop Underwriter® archiving, and (iii) includes updated links from to the new business Web portal.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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