On April 14, 2020, Fannie Mae again updated Lender Letter 2020-04 and Freddie Mac issued Bulletin 2020-11 to further revise their guidelines regarding mortgage loan originations in view of COVID-19 with regard to appraisals and project eligibility reviews for condominiums. The temporary flexibilities apply to loans with application dates on or before May 17, 2020. Freddie Mac also updated guidance on post-funding quality control requirements and remote online notarization (RON).
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