Effective June 1, 2020, Fannie Mae continues its CLASS initiative by
New Part IV
Last August, Parts I, II, and III of the Guide became effective and available in DUS Navigate™. We are committed to this initiative to simplify and rewrite the Guide. Thanks to your support and partnership, we are pleased to announce a new Part IV that consolidates the 11 previous Part IVA and Part IVB chapters into a new streamlined Part IV consisting of 7 chapters.
You can view the attached copy of the rewritten Part IV along with a revised Guide Organization spreadsheet reflecting the reorganized parts and chapters.
Streamlined Rate Lock Option Remains Suspended
Although a new Streamlined Rate Lock chapter is being published, until further notice, the Streamlined Rate Lock option remains suspended for use with any MBS Investor.
Retiring the Pre-August 1, 2019 Guide
In addition, the pre-August 1, 2019 version of the Guide is being retired. You must ensure all transactions registered in DUS Gateway before August 1, 2019 are Committed by May 31, 2020, or they will be invalidated.
Before June 1, 2020, you must do the following in DUS Gateway for each transaction:
Please contact the Deal Team with any questions.