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Exception Tracking Spreadsheet (TicklerTrax™)
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FHFA proposes changes to Seller/Servicer requirements

The Federal Housing Finance Agency (FHFA) has announced proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers. The updated requirements will further strengthen the Enterprises' seller/servicer requirements and provide transparency and consistency of capital and liquidity required for seller/servicers with different business models. A key improvement from the minimum financial requirements established in 2015 is that the new Enterprise standards establish financial requirements for the servicing of Ginnie Mae mortgages.

The FHFA will receive input on these requirements for 60 days at ServicerEligibility@fhfa.gov. An FAQ with 15 questions and answers plus definitions was also released.

UPDATE (6/15/2020): An FHFA news release has announced that the Agency will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. The original proposal will not be finalized and implemented in June as planned.

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