[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-355046-105":53,"doc-detail-355046-en":120},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":113,"head_meta":115,"extra_data":117,"updated_unix":119},105,"en","fannie-mae-selling-guide-extenuating-circumstances-approved-lender-procedures","Fannie Mae Selling Guide - Extenuating Circumstances - Approved Lender Procedures","","Fannie Mae selling guide on extenuating circumstances explains how a lender can become an approved Fannie Mae lender and how to handle normal and other selling issues. The guide defines extenuating (mitigating) circumstances as non-recurring events beyond a borrower’s control that cause a sudden, significant, long-term income reduction or a major rise in liabilities. It details lender substantiation requirements and documentation examples, plus borrower-written explanations. It also addresses how mortgage approval may be possible after such events, including preparation steps and evidence to support the direct causal link.",{"@graph":63,"@context":112},[64,80,95],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":21,"@type":70,"position":76},"https://docshare.wps.com/template/invoices/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/fannie-mae-selling-guide-extenuating-circumstances-approved-lender-procedures/355046/",4,{"url":78,"name":59,"@type":81,"author":82,"headline":59,"publisher":85,"fileFormat":88,"inLanguage":57,"description":61,"dateModified":89,"datePublished":89,"encodingFormat":88,"isAccessibleForFree":90,"interactionStatistic":91},"DigitalDocument",{"name":83,"@type":84},"Levi","Person",{"url":68,"name":86,"@type":87},"DocShare","Organization","application/pdf","2026-09-22",true,{"@type":92,"interactionType":93,"userInteractionCount":4},"InteractionCounter",{"@type":94},"ViewAction",{"@type":96,"mainEntity":97},"FAQPage",[98,104,108],{"name":99,"@type":100,"acceptedAnswer":101},"What qualifies as extenuating circumstances under the guide?","Question",{"text":102,"@type":103},"Extenuating circumstances are non-recurring events beyond the borrower’s control that lead to a sudden, significant, long-term reduction in income or a catastrophic increase in financial liabilities.","Answer",{"name":105,"@type":100,"acceptedAnswer":106},"What evidence does a lender need to substantiate a borrower’s claim?",{"text":107,"@type":103},"The lender must verify the claim using documents such as divorce orders, medical records and bills, dismissal notices, or dismissal-related papers, along with documents showing contributing factors like insurance papers, settlement claims, leases, and relevant tax returns.",{"name":109,"@type":100,"acceptedAnswer":110},"Can a borrower still get a mortgage after bankruptcy or foreclosure tied to extenuating circumstances?",{"text":111,"@type":103},"The guide indicates mortgage approval may be nearly impossible after bankruptcy or foreclosure in general, but it notes a potential path after a short sale if the borrower can prove the financial issue was directly caused by extenuating circumstances.","https://schema.org",{"og:url":78,"og:type":114,"og:title":59,"og:site_name":86,"og:description":61},"article",{"robots":116,"canonical":78},"index,follow",{"doc_id":118,"site_id":56},355046,1790115584,{"code":4,"msg":5,"data":121},{"doc_id":118,"user_id":122,"nickname":83,"user_avatar":123,"doc_module":9,"category_id":20,"category_name":21,"doc_title":59,"doc_description":61,"doc_content":124,"file_id":125,"file_url":126,"file_type":127,"file_size":128,"view_count":4,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":129,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":130,"faqs":131,"seo_title":132,"seo_description":61,"update_tm":119,"read_time":9},7971461740909,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Fannie mae selling guide extenuating circumstances  \nContinue  \nThis is taken literally from the guide to the sale of Sally Mae-One Family Home , which was published on May 1 , 2019. All guides can be obtained as a . pdf file here. This sales guide explains how to become an approved lender of Fannie Mae and procedures for normal and normal selling issues. This is primarily written for lenders (banks , mortgage companies , etc.) , however , it is quite useful to consider as a potential borrower/home-buyer to see what is in store for you in your quest to get financing. One part I found particularly insightful is its explanation of what constitutes extenuating circumstances in the life of a potential borrower and besides what is required of the borrower in order to prove it. Mitigating circumstances are non-relatable events that are beyond the borrower's control , which lead to a sudden , significant and long-term reduction in income or a catastrophic increase in financial liabilities. If the borrower claims that derogatory information is the result of extenuating circumstances , the lender must substantiate the borrower's claims. Examples of documentation that can be used to support extenuating circumstances include documents confirming an event , such as a copy of the divorce order , medical records or bills , dismissal notice , exit documents , etc. ; and documents that illustrate the factors that contributed to the borrower's inability to resolve the problems that arose as a result of this event-such as a copy of insurance papers or settlement claims , property listing agreements , leases , tax returns (covering periods before , during and after the loss of work) etc. the lender must obtain a written explanation from the borrower explaining the relevance of the documentation. The written explanation should support the claims of extenuating circumstances , confirm the nature of the event that led to the bankruptcy or foreclosure associated with the action , and illustrate that the borrower had no reasonable options other than to default on his or her financial obligations. A written explanation may be in the form of a letter from the borrower , an email from the borrower , or some other form of written documentation submitted by the borrower. After bankruptcy or foreclosure , we can assume that getting a mortgage will be almost impossible. There's no way you could be approved for a loan; After all , it is usually assumed to be the standard waiting period for an FHA-supported loan at least three years after foreclosure or bankruptcy. Right? Not entirely. Fannie Mae actually back the loan after a short sale , but you have to prove that the financial issue was a direct result of extenuating circumstances. How to use extenuating circumstances May Claus Fanny Mae Definition of extenuating circumstances to understand everything it helps to start with what Fanny Mae considers a mitigating circumstance. In accordance with Fannie Mae guidelines , extenuating circumstances are merciless events that are beyond the borrower's control. These circumstances then result in a sudden , significant and long-term reduction in your financial income or a massive increase in your financial expenses. In other words , Fannie Mae says they are one-off events that either lower the amount you make or increase the amount you have to spend. So what kind of event can be a mitigating circumstance? Divorce , for a start , is one of the most common. These sad events are rare in a person's life and tend to result in a short-lived financial burden , often due to legal bills. Medical events that can consume most of a person's income are also potential extenuating circumstances. Dismissal or dismissal can also count. The potential situations that can be used as extenuating circumstances are actually limitless , because Fannie Mae does not have an official list of qualifying events , but simply a guide to identifying and verifying them. What is not a mitigating cir","cbCaitovRKCH3RR3","https://ap.wps.com/l/cbCaitovRKCH3RR3","pdf",43644,"English","# Extenuating Circumstances Definition\n## Non-recurring events beyond borrower control\n## Reduction in income or increase in liabilities\n# What Lenders Must Substantiate\n## Acceptable documentation examples\n## Written borrower explanation formats\n# Events That May Not Qualify\n## Repeated obligations and recurring costs\n# Getting a Mortgage After Extenuating Circumstances\n## Options and required preparation\n## Document types to bring","[{\"question\":\"What qualifies as extenuating circumstances under the guide?\",\"answer\":\"Extenuating circumstances are non-recurring events beyond the borrower’s control that lead to a sudden, significant, long-term reduction in income or a catastrophic increase in financial liabilities.\"},{\"question\":\"What evidence does a lender need to substantiate a borrower’s claim?\",\"answer\":\"The lender must verify the claim using documents such as divorce orders, medical records and bills, dismissal notices, or dismissal-related papers, along with documents showing contributing factors like insurance papers, settlement claims, leases, and relevant tax returns.\"},{\"question\":\"Can a borrower still get a mortgage after bankruptcy or foreclosure tied to extenuating circumstances?\",\"answer\":\"The guide indicates mortgage approval may be nearly impossible after bankruptcy or foreclosure in general, but it notes a potential path after a short sale if the borrower can prove the financial issue was directly caused by extenuating circumstances.\"}]","Fannie Mae Selling Guide - Extenuating Circumstances - Approved Lender Procedures | PDF"]