Fannie and Freddie Provide New Temporary Guidance for Use of RON, POA
In response to the COVID-19 national emergency, Fannie Mae and Freddie Mac have provided temporary guidance to lenders on several policy areas to support mortgage originations, appraisals, and quality control (QC). These FAQs provide additional information on the temporary policies. We will be adding more FAQs, therefore Fannie Mae and Freddie Mac encourage you to check in frequently for updates – refer to the “NEW” or “UPDATED” notations after the question.