You’ll find new business flexibilities in the following updates we are announcing in Single-Family Seller/Servicer Guide (Guide) Bulletin 2021-12

  • Updates related to Home Possible® mortgages providing additional eligibility opportunities and more flexibility to Sellers
  • Streamlined requirements for Community Land Trust mortgages
  • Updated requirements for obtaining a 10-day pre-closing verification (PCV) 
  • Greater flexibility when using retirement account distributions for qualifying income
  • Additional flexibility in documenting funds for certain refinance transactions 
  • Guide updates for mortgages secured by investment properties and second homes
  • Updates to the availability of automated collateral evaluation (ACE) appraisal waivers and collateral representation and warranty relief
You’ll also find additional Guide updates in the Bulletin that may be important to your business.