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Overhauling Fannie Mae's Physical Needs Assessment: What Lenders and Investors Need To Know

Published in Real Estate Finance & Investment

In 2013, Fannie Mae announced a major revision was coming to its multifamily Selling and Servicing Guide. Since then, lenders, investors and their consultants have been trying to wrap their heads around the changes and how they will affect business. The final guidlines have gone into effect. As of 2014, but there are still many questions that need to be answered. 

In addition to underwriting standard changes, there were significant changes to the engineering due diligence requirements, namely the Physical Needs Assessment and seismic risk screening.

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