Effective for Mortgage Loans Delivered on or after May 2, 2022, the site inspection and lease audit information was updated.
In Part II, Chapter 4: Inspections and Reserves, the site inspection and lease audit information was updated for:
- performing a lease audit to confirm inspection results;
- randomly selecting units for inspection;
- confirming the occupancy of inspected units; and
- confirming the inspector’s findings during your lease audit.
Please contact the Fannie Mae Deal Team with any questions.