FHFA Extends COVID-19 Loan Flexibilities Through 2020

November 17, 2020

The Federal Housing Finance Agency (FHFA) on Nov. 13 announced it would extend Fannie Mae and Freddie Mac loan origination flexibilities through Dec. 31. The government sponsored entities (GSEs) have been extending these policies on a month-to-month basis.

The extended flexibilities include temporary policies that avoid person-to-person contact whenever possible.

Specific to the title and settlement industry, this includes the use of remote ink-signed notarizations (RIN) and expanded powers of attorney.

In conversations with ALTA's Digital Closing Work Group, both GSEs have indicated they see the allowance for RIN to end when the pandemic subsides. Both companies report few loans being sold and marked as having the mortgage executed via RIN. Under both GSEs' guidelines, lenders are supposed to denote if a mortgage is closed via RIN.


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

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