Fannie Mae (FNMA) News Today — Nov. 12, 2025: Servicing Guide Update, DU Credit-Score Shift, and 50‑Year Mortgage Debate
Fannie Mae will remove the 620 minimum credit score for Desktop Underwriter® on new loan casefiles starting Nov. 16, 2025. A Servicing Guide update adds a new bankruptcy attorney fee effective Dec. 1 and clarifies cramdown rules for recourse loans. Refinance volume fell 15.9% last week but remains up year over year. The White House is considering 50-year mortgages; FHFA weighs “portable” mortgages.