Servicing Guide

Published September 9, 2020

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What are the requirements for requesting an extension of a repayment plan?

The servicer must obtain Fannie Mae’s prior written approval for an extension of a repayment plan or a repayment plan greater than 12 months in accordance with Repayment Plan Terms in D2-3.2-02, Repayment Plan. 

The servicer must send its recommendation along with the items listed in the following table to its Fannie Mae Servicing Representative (see F-4-03, List of Contacts). 

The servicer’s request regarding a repayment plan must include…
 

A copy of the repayment plan.

 

A complete BRP.

 

Evidence of the mortgage insurer’s or guarantor’s approval of the proposed repayment plan, if applicable.

For more information please see F-1-17, Processing a Repayment Plan.

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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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Visit Selling and Servicing Guide Communications and Forms

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