Servicing Guide

Published July 15, 2020

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When can a second lien charge-off be considered?

A second lien charge-off can be considered if a servicer determines that it is not in Fannie Mae’s best interest to pursue collection efforts or legal actions against the borrower. The servicer must submit its recommendation for resolving the second lien mortgage loan delinquency to Fannie Mae.

For more information please see: D1-1-03, Evaluating a Second Lien Mortgage Loan Charge-Off

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Related Articles

D1-1-03: Evaluating a Second Lien Mortgage Charge-Off (11/12/2014)

If the servicer of a second lien mortgage loan determines that it is not in Fannie Mae’s best interest to pursue collection efforts or legal actions...

Read more

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Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

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