Fannie Mae & Freddie Mac Condominium Rules Fannie Mae – Key Points Summary of Announcement FNMA 08-34 Amendments to Condominium Unit Mortgage Requirements 1 – Project Eligibility Review Service (PERS) is a project-acceptance review service for FNMA seller/servicers for new or newly-converted and established condo projects. This fee-based service requires lenders to submit by email the complete project package to FNMA for approval. PERS-approved projects are posted on eFannieMae.com.

For all Freddie Mac LPA approved loans, PennyMac is aligning with the updates announced in Freddie Mac Bulletin 2018-05, with the exception of Opinions of Title. Effective dates are included below. How do i get kies for macbook pro. LTV/TLTV/HLTV Updates Effective immediately, PennyMac is aligning with Freddie Mac’s updates to LTV/TLTV/HLTV for purchase and rate and term refinances secured by 2 unit owner occupied primary residences or second homes. Existing PennyMac Rate Sheets will not be impacted by this update.

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For Freddie Mac-owned “no cash-out” refinance Condominium Unit Mortgages, the Seller does not need to determine compliance with the Condominium Project review and eligibility requirements set forth above if the Condominium Unit Mortgage being refinanced is currently owned by Freddie Mac in.

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