Servicing Guide

Published November 10, 2020

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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 is non-routine litigation and must immediately be reported to Fannie Mae’s Legal department by submitting a Non-Routine Litigation Form (Form 20). Fannie Mae must be consulted with respect to all strategy involving cramdowns as to which Fannie Mae has not delegated authority to the servicer or law firm to address the issues presented. Fannie Mae will make the final determination of how to respond to cramdowns.

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

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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.

Guide Resources

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