Fannie Mae and Freddie Mac Extend Origination Flexibilities Due to COVID-19

Ballard Spahr LLP
Contact

Ballard Spahr LLP

As previously reported, the Federal Housing Finance Agency (FHFA) recently announced the extension of various Fannie Mae and Freddie Mac origination flexibilities due to COVID-19 to September 30, 2020. Fannie Mae, in updates to Lender Letter 2020-03, Lender Letter 2020-04 and Lender Letter 2020-06, and Freddie Mac, in Bulletin 2020-34 and Bulletin 2020-35, address the specific temporary origination policies that are extended to September 30, 2020.

Additionally, Fannie Mae, in Lender Letter 2020-12, and Freddie Mac, in Bulletin 2020-35, address the extension to December 1, 2020 of the effective date for the Adverse Market Refinance Fee. The extension of the effective date was previously announced by the FHFA.

 

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.

© Ballard Spahr LLP | Attorney Advertising

Written by:

Ballard Spahr LLP
Contact
more
less

Ballard Spahr LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.