Servicing Guide

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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How does Fannie Mae define a Cramdown?

A cramdown is an attempt to involuntarily modify any terms of the security deed, mortgage, or note by court order.

For more information please see: E-2.3-03: Handling Cramdowns of the Mortgage Debt 

Related Articles

How should payments be treated once a bankruptcy reorganization plan has been confirmed which provides for a cramdown?

Once the bankruptcy court confirms a reorganization plan that provides for a cramdown of the mortgage debt, the servicer must separately account for...

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What should be done if the borrower request a cramdown for which Fannie Mae has not delegated authority to the servicer or the law firm to address the issues presented?

A borrower’s request for a cramdown for which Fannie Mae has not delegated authority to the servicer or the law firm to address the issues presented...

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What are the servicer's general responsibilities for handling cramdowns of the mortgage debt?

The following table lists additional requirements for the servicer when it learns that a bankruptcy case has been filed that includes a cramdown proposal....

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How should principal and interest payments received during the bankruptcy confirmation process be remitted to Fannie Mae?

The servicer must be able to account for any scheduled interest(and principal, if applicable) that must be remitted to Fannie Mae.See Processing Pre-...

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