Fannie Mae updated their selling guide with impacts to the following self-employment income calculator, verification of employment alternatives, restricted stock income, and non-taxable income, sold under the MPF Xtra...

Clarified employment offers or contract policy and self-employment income requirements.

Updated the Guide to incorporate alternative methods for verifying completion of construction or repairs.

Updated COVID-19 Related Servicing Guidance for MPF Traditional (Conventional) Loans by adjusting the loan modification interest rate.

Effective immediately, the seasoning requirement for SLS Servicing Released mortgage loans has been updated.

The MPF Traditional (conventional) workout options are being updated to reflect updated guidance and clarity for certain existing options and adding new options.

This document contains multiple MPF Servicing Announcements being published on this date.

Servicers are reminded of the process and requirements for requesting reimbursements for expenses advanced related to a payment deferral and Flex Modification.

Fannie Mae published updates to the Loan Modification Agreement (Form 3179) that was previously published on October 11, 2023.

Fannie Mae issued an update to the COVID-19 Payment Deferral and COVID-19 Fannie Mae Flex Modification clarifying reporting requirements that were previously announced.