Fannie Mae reduces lender requirements
April 03, 2026 / By ICBA
Fannie Mae updated its Selling Guide to reduce lender quality control requirements.
Details: Fanne Mae said that in response to lender feedback, it updated Subpart D1 to streamline lender QC reverification requirements by:
Removing asset reverification when the information is not confirmable.
Eliminating duplicative reverifications for automated data obtained through approved vendors.
Limiting tax transcript requirements to loans qualified with tax returns.
Removing reverification for discretionary reviews.
Reinstating flexibility in prefunding QC by eliminating the fixed 10% minimum sampling requirement.
Removing certain operational reporting (including self-reporting and reverification reporting).
Timeline: Fannie Mae said lenders are encouraged to implement these changes immediately but must do so for all QC reviews conducted on or after July 1.
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