Fannie Mae Homeownership Education and Counseling Providers
Newrez LLC "Newrez" Approved Correspondent Clients: Fannie Mae required the use of the Framework Homeownership, LLC online education program to satisfy the homeownership education requirement. Fannie Mae is now allowing additional homeownership education and counseling providers. They will now permit any qualified third-party provider to administer homeownership education. The third-party provider’s content must be aligned with the National Industry Standards (NIS) for Homeownership Education and Counseling or with the U.S. Department of Housing and Urban Development (HUD) Housing Counseling program or provided by a HUD-approved counseling agency.
Effective Date
The new policy will be effective January 1, 2022. Framework online education program must continue to be used for courses completed on or before December 31, 2021. Beginning with courses completed on or after January 1, 2022, other third-party providers that meet the requirements described above may be used.
The homeownership education messages in Desktop Underwriter (DU) will be updated in a future release.