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Addendum and amendment

Fannie mae amendment form 2025

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The document is an amendment to a real estate purchase agreement between a seller and purchaser, specifically Fannie Mae. It outlines changes to the closing date and sales price of the property, while affirming that all other terms of the original agreement remain in effect.

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What is Fannie Mae Form 582?

The Lender Record Information (Form 582) provides information needed to verify the seller/servicer continues to meet basic eligibility requirements, as well as certifications, in compliance with Fannie Maes requirements.

What does it mean when a property is a Fannie Mae property?

A Fannie Mae HomePath property is real estate obtained by foreclosure or a deed in lieu of foreclosure. Buyers can purchase a HomePath property with a 3% down payment and receive a closing cost credit up to 3% of the purchase price if they use the HomeReady loan program.

What is a Fannie Mae Form 1033?

To assist lenders in performing a comprehensive review of data elements in the origination appraisal, Fannie Mae provides Form 1033. Although lenders are not required to use Form 1033 in their reviews, it can serve as a framework for validating the underlying data elements that are used to determine value.

What is a 1033 appraisal form?

One-Unit Residential Appraisal Desk Review Report Form 1033 reports results of a desk review for a Mortgage secured by a 1-unit property originated using an appraisal report.

What is the difference between Fannie Mae and FHA?

For value acceptance (appraisal waiver) to be considered, generally a prior appraisal must be found for the subject property in Fannie Maes Collateral Underwriter (CU) data. When required, DU will compare the address for the subject property to the property addresses found in CU.

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