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B3-2-05, Approve/Eligible Recommendations (01/27/2015)

Introduction

This topic contains information on Approve/Eligible recommendations.

Approve/Eligible Recommendations

Approve/Eligible Recommendations

The following table describes these recommendations.

Approve/Eligible
Eligible for Fannie Mae’s limited waiver of certain mortgage loan eligibility and underwriting representations and warranties?	Yes, as long as the mortgage loan satisfies the applicable requirements related to limited waivers as described in this Guide. (See A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties.)
Satisfies Fannie Mae’s credit risk standards/assessment?	Yes
Satisfies Fannie Mae’s mortgage loan eligibility criteria?	Yes
Eligible for sale to Fannie Mae?	Yes, if all approval conditions have been met.