Fannie Mae Updates Condo, Coop and PUD Project Review Process

October 22, 2007

Summary

The purpose of this Lender Letter is to provide an update to lenders about policy changes to Fannie Mae’s Project Review Processes for Condominium, Cooperative and PUDs. In Lender Letter 04-07, Condominium, Cooperative and Planned Unit Development (PUD) Project Review Process, dated August 17, 2007, lenders were informed that Fannie Mae will no longer accept applications for Conditional Project Acceptance (1027) after August 31, 2007. The Lender Letter also advised that we would set a deadline for project submissions and that we would issue a Lender Announcement within 60 days detailing next steps and associated policy and procedural changes.

Please select the Related Document to view Lender Letter 05-07