Servicing Guide

Published September 9, 2020

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What are the requirements for the timing and distribution of the borrower incentive payment for Mortgage Release?

If the borrower... Then...

is not participating in a Mortgage Release transition option

the servicer must distribute the incentive payment to the borrower within 30 days after the servicer’s acceptance of the executed deed from the borrower.

is participating in either a 3- or 12-month Mortgage Release transition option

Fannie Mae’s property management company must distribute the incentive payment to the borrower within 30 days after the property becomes vacant.

For more information please see: D2-3.3-02, Fannie Mae Mortgage Release (Deed-in-Lieu of Foreclosure).

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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

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Visit Selling and Servicing Guide Communications and Forms

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