Finance
A Pennsylvania lender who participates in FNMA (Fannie Mae) programs must originate loans that meet:
APREC's residential lending guidelines
BFannie Mae's conventional conforming loan guidelines for underwriting standards, loan limits, and appraisal requirements✓ Correct
CPennsylvania-specific loan-to-value requirements only
DHUD's FHA lending standards
Explanation
Lenders who sell loans to Fannie Mae must follow Fannie Mae's Selling Guide guidelines — covering borrower qualification (credit, income, assets), property eligibility, appraisal standards, and loan features. Conforming loans meeting these standards can be sold to Fannie Mae, providing lenders with liquidity to make more loans.
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