Servicing Guide

Published June 10, 2020

The Servicing Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Servicing Guide in PDF format.

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Once confirmation of a bankruptcy plan, what is timeframe that a regular servicing option mortgage loan may be purchased from an MBS pool?

The following table outlines the time frame within which a servicer may purchase a regular servicing option mortgage loan from an MBS pool.

If a regular servicing option mortgage loan is in an MBS pool… Then the servicer may purchase such MBS mortgage loan…

issued on or after June 1, 2007

following the earlier of:

  • the confirmation of a plan that modifies the terms of the MBS mortgage loan; or

  • the loan having been in a continuous state of delinquency for at least four consecutive monthly payment due dates, or at least eight consecutive payment due dates in the case of a biweekly mortgage loan, without a full cure during that period.

issued prior to June 1, 2007

after the mortgage loan has been in a continuous state of delinquency for at least four consecutive monthly payment due dates, or at least eight consecutive monthly payment due dates in the case of a biweekly mortgage loan, without a full cure during that period.

A regular servicing option MBS mortgage loan that has been repurchased from its MBS pool is not eligible for redelivery.

For more information please see: E-2.1-11: Remitting P&I for MBS Mortgage Loans That Are Part of a Bankruptcy 

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E-2.1-11: Remitting P&I for MBS Mortgage Loans That Are Part of a Bankruptcy (11/12/2014)

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Is it a requirement to report and remit the principal and interest to Fannie Mae for MBS mortgage loans that are part of a bankruptcy?

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