For any case in which the servicer has the responsibility for disposing of an acquired property, the servicer or its eviction attorney must handle the eviction proceedings. Fannie Mae may impose sanctions, including daily compensatory fees, if there are unwarranted delays in processing these cases.
These cases include the following:
government mortgage loans that will be conveyed to the insurer or guarantor, and
conventional mortgage loans that were part of an MBS pool that had a shared-risk special servicing option under which the servicer would be responsible for property disposition efforts.
For more information please see: E-4.3-04: Handling Eviction Proceedings