Compliance News: FNMA and FHLMC to End Temporary POA Flexibilities
On March 11, 2021 FNMA revised LL-2021-03 (their “master letter” covering temporary requirements to, and flexibilities for, origination processes, due to the COVID-19 Pandemic) and announced the following:
“Extend the application dates for verbal verifications of employment and power of attorney flexibilities to Apr….