Lender Announcement 05-04 - Fannie Mae
year terms. Fannie Mae standard products will be eligible for 40-year term loans. Eligible Products As of the effective date of this Announcement, lenders may commit to sell and deliver first lien mortgages with 40-year terms. The eligible Fannie Mae fixed-rate and adjustable-rate products are identified below. 40-Year Fixed-Rate Mortgage (FRM) ................
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