April 8, 2020
Fannie Mae and Freddie Mac Release Updated Guidance to Lenders Amid COVID-19 Crisis

On April 8, 2020, the Government-Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, released updated bulletins to provide additional guidance to lenders regarding temporary policies the entities have implemented in response to COVID-19.

Fannie Mae offers clarification relative to:
  • Mortgage originations, including requirements for remote online notarization (RON);
  • Appraisals; and
  • Quality control.

Freddie Mac's bulletin addresses:
  • Credit reporting requirements;
  • Foreclosure moratorium;
  • Bankruptcy motions for relief from automatic stay;
  • Forbearance plans; and
  • Quality right party contact (QRPC).

CATIC continues to follow developments in guidance provided by the GSEs to lenders and their real estate partners. Should you have any questions about these revised bulletins, please contact Rich Hogan, CATIC’s Chief Compliance Officer.

CATIC is open for business and ready to help.
Please let us know how we can assist you.

Please continue to check out our dedicated webpage for COVID-19 information and guidance, on a regular basis. We will be updating the material as we learn of new developments.