Guide Update 26-28:
Borrower Equity Structures
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Primary Audience: Origination, Underwriting, and Asset Management |
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HIGHLIGHTS |
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Effective for Mortgage Loans as of November 16, 2026, clarified Borrower Equity Structures in the:
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Primary Changes
- Updated the Fannie Mae Equity Checklist (Form 6441) to clarify Borrower Equity Structures.
- Made aligning updates to the:
- Preferred Equity Operating Procedures Job Aid; and
- Guide glossary definitions for:
- Preferred Equity; and
- Structured Common Equity.
Questions
Please contact Kathy Iscra at (312) 368-6073, or [email protected], with any questions.