Servicing Guide

Published July 15, 2020

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Are there any requirements that must be followed prior to approving a transfer of ownership for a pledged-asset mortgage loan?

Before approving a transfer of ownership for a pledged-asset mortgage loan, the servicer must determine that the pledged asset will remain in place through the assignment of the original pledged asset or the substitution of a new asset of equivalent value. The servicer must contact its Fannie Mae Servicing Representative (see F-4-03, List of Contacts) to discuss the acceptability of a substitute asset or any other alternative the purchaser proposes.

See below for related Q&A's:

When should we refer to the participating lender’s policy on a conventional mortgage loans that includes a Due-on-Sale Provision?

Are there certain transfers of ownership for first lien mortgage loans that the servicer can approve if the purchaser is creditworthy?

How is a property purchaser determined to be creditworthy for a transfer of ownership?

Are second lien mortgage loans assumable?

For more information please see: D-1-4.2-02: Conventional Mortgage Loans That Include a Due-On-Sale (or Due-on-Transfer) Provision

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Are there certain transfers of ownership for first lien mortgage loans that the servicer can approve if the purchaser is creditworthy?

The servicer is authorized to allow transfers of ownership for the following first lien mortgage loans if all of the criteria listed below are satisfied:...

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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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