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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What actions must be taken if Fannie Mae has an interest in more than one mortgage loan in a borrower’s bankruptcy estate?

In any instance in which Fannie Mae has an interest in more than one mortgage loan for which the security property is part of the same borrower’s bankruptcy estate, the servicer must abide by the instructions presented in the following table.

The servicer must…
 

Coordinate its efforts with those of the other servicers and/or the law firms to which the other servicers have referred the mortgage loans.

 

Have the same law firm handle the proceedings for all of the mortgage loans, whenever possible. If not possible, the servicers must emphasize to the individual law firms to which they have referred the mortgage loans the need to work closely with the other law firm(s) involved to ensure that Fannie Mae’s interests are adequately protected.

For more information please see: E-2.3-06: Bankruptcies Involving Multiple Fannie Mae Mortgage Loans.

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