Servicing Guide

Published November 10, 2020

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Should the servicer file an MI claim on conventional 1st lien loans when processing a short sale on a loan with MI?

The servicer must file a primary MI claim on all conventional first lien mortgage loans on which Fannie Mae bears the risk of loss and is insured under a master primary MI policy with the exception of RMIC. The servicer  must follow the procedures in F-1-06, Filing an MI Claim for a Liquidated Mortgage Loan or Acquired Property for filing the MI claim.

For more information please see: D2-3.3-01, Fannie Mae Short Sale.

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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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