Appraisal Management COVID-19 News
Global DMS is committed to bringing you the latest news as we hear it.
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- March 11th - Fannie Mae updated Lender Letter LL-2020-04 -extending the application dates eligible for certain temporary flexibilities to Apr. 30, 2021. Note the temporary policies related to condominium project reviews and borrower-provided photos for completion draws for HomeStyle® Renovation loans will not be extended beyond Apr. 30, 2021.
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- Feb 10th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to Feb. 28, 2020, unless otherwise noted.
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- January 14th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to Feb. 28, 2020, unless otherwise noted.
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- December 10th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to January 31, 2020, unless otherwise noted.
- November 13th - Fannie Mae updated Lender Letter LL-2020-04 - extending the application dates eligible for these temporary flexibilities to December 31, 2020, unless otherwise noted.
- May 28th - Fannie Mae updated Lender Letter LL-2020-04 - Requirements for borrowers using self-employment income to qualify: temporarily requiring additional documentation to support the lender’s decision that self-employment income meets our requirements.
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- May 19th - Fannie Mae updated Lender Letter LL-2020-04 Temporary eligibility requirements for purchase and refinance transactions: describing our requirements for a borrower to obtain a new mortgage loan to purchase or refinance a property. Additional resources: providing links to COVID-19 resources, such as prior selling and servicing lender letters and FAQs.
- Click Here for information on Global DMS's COVID-19 Continuity
