FHFA Extends Temporary Loan Measures

July 14, 2020

The Federal Housing Finance Agency (FHFA) last week extended a series of temporary loan flexibilities offered by Fannie Mae and Freddie Mac through Aug. 31.

These flexibilities include relaxed standards for appraisals, documenting income, verifying employment and the use of power of attorney. It also includes expanded use of remote online notarization (RON) and remote ink notarization (RIN).

The GSEs are expected to review and potentially extend these allowances monthly until the COVID-19 health crisis abates.

You can read or listen to more about the GSEs' relaxed standards when it comes to powers of attorney and RON/RIN.

Contact ALTA at 202-296-3671 or communications@alta.org.