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If the borrower initially says that he or she is not interested in a lease, but changes his or her mind, when is it too late to submit the request to Fannie Mae?

April 26, 2017borrower changes Fannie Mae initially late lease mind submit

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If the borrower initially says that he or she is not interested in a lease, but changes his or her mind, when is it too late to submit the request to Fannie Mae?

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Fannie Mae’s property manager needs 10 business days to process the lease application. If the Deed in Lieu (DIL) completion date is more than 10 days away, we may be able to accommodate the request; however, we reserve the right to consider these situations on a case-by-case basis.