Fannie Mae Shares New Servicing Guide Updates

December 14, 2017


Like Freddie Mac, Fannie Mae has prepared some updates of its own. The company release a new Servicing Guide filled with announcements for the coming weeks, which you can check out below.

  • Streamline the Selling and Servicing Guides by removing certain topics from Servicing Guide Part A pertaining to the ownership and retention of loan files. These topics will be updated and included in the Selling Guide on Dec. 19.

  • Establish an expense reimbursement of up to $30 for servicers required to obtain an insured loss repair inspection on a current or delinquent mortgage loan.

  • Remove the requirement that servicers must report damage to us following an uninsured loss event. See Lender Letter LL-2017-07 for more details.

                                                                                                                                    - Fannie Mae


To view the full Servicing Guide updates, click on the image above.

Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Facebook Icon
  • Grey Twitter Icon

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.