Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Variance
Fannie Mae
Updated 10-31-2026
Variance
A negotiated agreement for the delivery of certain special mortgage products or other mortgage loans that were originated with terms that are at variance with standard Fannie Mae eligibility, underwriting, or other origination criteria or requirements. voluntary conveyance See deed in lieu of foreclosure.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 51–52
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