Guide Update 23-01
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Fair Lending
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HIGHLIGHTS |
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Effective for all Mortgage Loans as of January 19, 2023, Fannie Mae has made changes to the Guide to clarify your obligations under fair lending laws. |
Key Points
You must:
- Comply with all fair lending laws prohibiting discrimination based on any prohibited bases.
- Assess risks associated with the Borrower, Guarantor, Key Principals, and Principals that:
- are based solely on credit standards; and
- do not consider or comment on any:
- prohibited bases per any fair lending laws;
- unsupported assumptions; or
- personal opinions.
Questions
Please contact the Fannie Mae Deal Team with any questions.