Fannie, Freddie Provide New Temporary Guidance for Use of RON, POA

April 8, 2020

In response to the COVID-19 pandemic, Fannie Mae and Freddie Mac have provided temporary guidance on several policy areas to support mortgage originations, including power of attorney and acceptance of remote online notarization. New guidance also addresses closing protection letters. The Government Sponsored Entities will add more FAQs and encourage industry professionals to check for updates, which will include “NEW” or “UPDATED” notations after the question.

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