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16 Jun 2017 Fannie Mae Guidelines. In order for a mortgage lender to be eligible to be backed by Fannie Mae it must agree to not practice unethical New Publication Schedule for Selling Guide Updates. Selling Guide updates will be published on the first Wednesday of the month instead of the first Tuesday. The Selling and Servicing Guides are organized into parts that reflect how lenders categorize various aspects of their business relationship with Fannie Mae. Fannie Mae requires that lenders use an appraiser who is licensed following their guidelines. Fannie Mae only deals with mortgages made to individuals. A corporation or general partnership would not qualify for a Fannie Mae loan. They generally carry lower interest rate levels than “Non-Conforming” or “Jumbo Loans.” Selling Guide updates will be published on the first Wednesday of the month instead of This subpart describes Fannie Mae's mortgage, borrower, and property Fannie Mae guidelines differ as to whether the borrower is financing a primary residence, vacation home or investment property. Financing is available for all Fannie Mae and Freddie Mac were created by Congress. They perform an important role in the nation's housing finance system – to provide liquidity, stability