Servicing Guide

Published September 9, 2020

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What are Fannie Mae requirements related to the pursuit of a deficiency judgment?

The following table provides additional Fannie Mae requirements related to the pursuit of a deficiency judgment. 

The servicer must...
 

Promptly communicate to either the mortgage insurer or Fannie Mae (depending on whether the mortgage loan is insured or uninsured) any information it may have to assist in deciding whether to pursue a deficiency judgment.

 

Advise Fannie Mae about any information it receives from the mortgage insurer concerning whether the deficiency judgment is to be pursued solely or jointly.

 

Cooperate with and assist Fannie Mae and its vendors in the pursuit of a deficiency.

For more information please see: E-3.3-07: Pursuing a Deficiency Judgment

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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.

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