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 should bidding instructions be issued for VA-Guaranteed mortgage loans?

For VA mortgage loans, the bid must be the amount that VA specified as its “upset price.” If VA does not specify an upset price, then the servicer must determine the bid amount by subtracting the amount the VA will pay under its guaranty from the amount required to satisfy the indebtedness.

For more information please see: E-3.3-05: Issuing Bidding Instructions

Related Articles

Are there different requirements for issuing bidding instructions on conventional mortgage loans depending on whether or not the mortgage loan is insured?

Yes, the following tables provide Fannie Mae's requirements for the preparation of bidding instructions for a first lien mortgage loan, depending on...

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How should bidding instructions be issued for FHA-Insured mortgage loans?

The amount the servicer must bid for a FHA-insured mortgage loan depends on when the mortgage loan was endorsed for insurance. The following table...

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How should bidding instructions be issued for RD-Guaranteed mortgage loans?

For RD mortgage loans, the servicer must bid the full amount of the indebtedness. This amount consists of the UPB; accrued interest to the date of the...

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What are the general requirements for issuing bidding instructions to the law firm for loans that are referred for foreclosure?

General Requirements for All Bidding Instructions The servicer must issue bidding instructions to the law firm for all mortgage loans referred for...

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How should bidding instructions be issued for conventional mortgage loans?

The servicer must contact its Fannie Mae Servicing Representative (see F-4-03, List of Contacts) to obtain bidding instructions for all conventional...

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What are the requirements for obtaining and using a reserve price for conventional mortgage loans?

When to Obtain a Reserve Price The servicer must obtain a reserve price from Fannie Mae in any of the following circumstances: when preparing bids for...

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