Servicing Guide

Published November 10, 2020

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What type of liquidation workout options does Fannie Mae offer?

The below Servicing Guide sections contains information on Fannie Mae's liquidation options:

D2-3.3-01: Fannie Mae Short Sale

This topic contains the following:

General Requirements When Processing a Fannie Mae Short Sale 
Communicating with a Borrower Regarding a Fannie Mae Short Sale 
Evaluating a Borrower to Determine Eligibility for a Fannie Mae Short Sale 
Evaluating a Borrower’s Ability to Make a Cash Contribution 
Evaluating the Credit Report for New Mortgage Loans Obtained 
Obtaining a Property Valuation 
Determining Allowable Short Sale Transaction Costs 
Listing the Property and Evaluating a Short Sale 
Allowable Payments to Subordinate Lienholders 
Incentive Payments to Assist a Borrower with Relocation Expenses 
Providing a Deficiency Waiver for Certain Mortgage Loans 
Servicer Responsibility for Anti-Fraud Measures 
Processing a Fannie Mae Short Sale for a Mortgage Loan with Mortgage Insurance 


D2-3.3-02: Fannie Mae Mortgage Release (Deed-in-Lieu of Foreclosure) 

This topic contains the following:

General Requirements When Processing a Fannie Mae Mortgage Release 
Evaluating a Borrower to Determine Eligibility for a Fannie Mae Mortgage Release 
Evaluating a Borrower for Fannie Mae Mortgage Release Transition Options 
Evaluating the Credit Report for New Mortgage Loans Obtained 
Obtaining a Property Valuation and Evaluating the Condition of the Property 
Allowable Payments to Subordinate Lienholders 
Incentive Payments to Assist a Borrower with Relocation Expenses 
Evaluating a Borrower’s Ability to Make a Cash Contribution 
Requirements for Accepting a Fannie Mae Mortgage Release 
Providing a Deficiency Waiver for Certain Mortgage Loans 
Processing a Fannie Mae Mortgage Release for a Mortgage Loan with Mortgage Insurance 

For more information see Servicing Guide sections D2-3.3-01: Fannie Mae Short Sale and D2-3.3-02: Fannie Mae Mortgage Release (Deed-in-Lieu of Foreclosure)
 

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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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