Fannie Mae
On February 2, 2022, Fannie Mae issued Selling Guide 2022-01, which updated Section B5-3.2-06 related to the Renovation Loan Agreement. The Renovation Loan Agreement (Form 3731) has been revised to reflect these changes. Form 3731 is revised to add the property address and remove Exhibit A “Legal Description of Property.” The completion deadline of the form is also extended from twelve (12) to fifteen (15) months.