Transcription of Fannie Mae Announces New Lender Framework and QC Process
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Fannie Mae Announces New Lender Framework and QC Process
September 12, 2012. Fannie Mae Announces New Lender Framework and QC Process By Anna DeSimone On September 11, 2012 Fannie Mae issued selling guide announcement SEL-2012-08, New Lender selling Representations and Warranties Framework . Also on 9/11/12, the agency issued LL-2012-05: Fannie Mae's Quality control Process . The announcements introduce a Framework to provide lenders with relief from enforcement of remedies for breaches of certain representations and warranties on new loan deliveries meeting specific payment history requirements. The new Framework applies only to conventional loans that are acquired by Fannie Mae on or after January 1, 2013.
Fannie Mae Announces New Lender Framework and QC Process By Anna DeSimone On September 11, 2012 Fannie Mae issued Selling Guide Announcement SEL-2012-08, New Lender Selling Representations and Warranties Framework. Also on 9/11/12, the agency issued LL-2012-05: Fannie
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