Appraisal Management COVID-19 News

Global DMS is committed to bringing you the latest news as we hear it. 

    • 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.
    • 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.
    • 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.
    • 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.
    • 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