Servicing Guide

Published September 9, 2020

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Who should the servicer contact upon receipt notification of notices of liens, legal action, other actions impacting Fannie Mae's interest, when a condo association, co-op corp. or PUD project are inv

The servicer must notify Fannie Mae's Project Standards Team (see F-4-03, List of Contacts) if, for a condo association, co-op corporation, or PUD project, the servicer is advised of any proposed action that requires the consent of a specified percentage of the mortgage loan holders in the project, the servicer must contact Fannie Mae immediately with its recommendation regarding the proposed action.

The servicer of a co-op share loan must protect Fannie Mae's interest in the share loan under the terms of any recognition agreement.

See below for related Q&A's:

Does Fannie Mae direct and control all litigation involving a Fannie Mae mortgage loan when handling notices of liens, legal action or other actions impacting Fannie Mae's interest?

Can the servicer initiate legal proceedings or intervene in legal proceedings on Fannie Mae's behalf when handling notices of liens, legal action or other actions impacting Fannie Mae's interest?

What actions should be taken to prevent new liens becoming superior to Fannie Mae's mortgage lien?

What are the servicer responsibilities upon receipt of notice of a legal action impacting Fannie Mae’s interest? 

What action should be taken if the servicer receives an electronic notice from MERS related to a mortgage loan that it is servicing for Fannie Mae?

For more information please see: D1-6-02: Handling Notices of Liens, Legal Action, Other Actions Impacting Fannie Mae's Interest

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

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Visit Selling and Servicing Guide Communications and Forms

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