Servicing Guide

Published November 10, 2020

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Are there different inspection requirements for delinquent second lien mortgage loans?

The servicer of a second lien mortgage loan must take the actions listed in the following table.

The servicer must...
  Complete a property inspection of the property securing the mortgage loan by the earlier of the following dates:
  • the date that it initiates foreclosure proceedings, or

  • the 75th day of delinquency.

  Schedule subsequent property inspections as often as necessary to protect Fannie Mae’s interests. If the servicer initiates foreclosure proceedings, it must continue to complete property inspections every calendar month until it conducts the required property inspection prior to the foreclosure sale.

For more information please see: D2-2-10, Requirements for Performing Property Inspections

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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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