Pause in accepting Fannie Mae and Freddie Mac loan applications
Dear Participating Lenders,
The IHCDA Homeownership Department (HOD) has paused the acceptance of Fannie Mae and Freddie Mac loan applications effective 5:00 P.M., (E.D.T.), May 21, 2020. The HOD has decided with the current overlays set by Fannie and Freddie, along with the maximum 80 percent Area Median Income limits, neither is a viable product to offer. This decision will not affect any loans currently reserved in Authority Online.
If you have questions, please contact either Brienn White at BWhite@ihcda.IN.gov 463-203-7108 or Mark Doud at MDoud@ihcda.in.gov or 317-447-8156.
Sincerely,
IHCDA Homeownership Department
 
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