• Bankruptcy and foreclosure policies: updates to manual underwriting requirements for borrowers with prior bankruptcy or foreclosure actions in their credit history, including deeds-in-lieu of foreclosure and preforeclosure sales,

• Conversion of principal residence to second home or investment property: new requirements for borrowers who are purchasing a new principal residence, and intend to convert their existing principal residence to a second home or investment property, and

• Representation and warranty requirements: revised property value representation and warranty requirements for mortgage loans that are closed more than 6 months up to 12 months prior to the date the loan is sold to Fannie Mae.