If a borrower’s outstanding payments were resolved through a COVID-19 payment deferral, the borrower must have made three consecutive monthly payments after the completion of a COVID-19 payment deferral to be eligible for a new mortgage loan for sale to Fannie Mae. See Lender Letter LL-2020-03, Impact of COVID-19 on Originations.
Note: This FAQ is from the Fannie Mae COVID-19 Frequently Asked Questions.
See below for more information on COVID-19: