Fannie Mae Clarifies Clear Boarding Policies

Fannie Mae Clarifies Clear Boarding Policies
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From the Desk of Robert Klein

Fannie Mae Clarifies Clear Boarding Policies

Fannie Mae has taken another significant step following its announcement in November that it will reimburse servicers for boarding with polycarbonate in preforeclosure.

Now, Fannie Mae has instructed that clearboarding should be installed on properties already boarded with plywood, or re-glazed/repaired. Servicers have 90 days from the effective date of March 29, 2017 to comply. In addition, a new clearboarding allowable is included in the recent clarification along with a confirmation that SecureView meets Fannie Mae’s requirements as an acceptable clearboarding material.

Fannie Mae has been a leader in supporting the use of polycarbonate clearboarding, and we applaud this decision, that takes effect immediately, that confirms Fannie Mae’s commitment to ban the use of plywood and adopt clearboarding as the only acceptable boarding solution on its properties.

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Fannie Mae Clarifies Clear Boarding Policies
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