Fannie Mae: Enhancements Reduce Manual Work on FHA Loan Payoffs
Investor Update
January 25, 2019
Source: Fannie Mae
Starting Jan. 27 you won’t need to contact Fannie Mae Investor Reporting analysts to request shortage surplus adjustments for Actual/Actual Federal Housing Administration (FHA) loan payoffs. Our system will automatically calculate the interest due at the time of payoff on FHA mortgages closed on or after Jan. 21, 2015.
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