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.

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