Introduction
This Servicing Guide Procedure contains the following:
Reporting to Credit Repositories
Establishing a Relationship with a Credit Repository
When initially establishing a relationship with a credit repository, the servicer must indicate the relationship is being established in compliance with Fannie Mae’s requirements. The following table provides a list of major credit repositories in accordance with C-4.1-01, Notifying Credit Repositories.
Credit Repositories |
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Equifax Information Services |
Experian |
Innovis Data Solutions |
TransUnion Corporation |
Reporting to the IRS
Filing an IRS Form 1099-A or 1099–C
The servicer must file IRS Forms 1099-A and 1099-C electronically on Fannie Mae's behalf, in accordance with C-4.2-01, Filing IRS Forms. The following table describes the servicer’s additional responsibilities for filing these information returns with the IRS on Fannie Mae's behalf.
✓ | The servicer must... |
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Insert the following header information when filing IRS Form 1099:
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Insert the following header information when filing IRS Form 1099-C:
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Submit a Summary of IRS Form 1099–A and 1099–C Filing (Form 1100) to notify Fannie Mae that it reported to the IRS electronically. |
Recent Related Announcements
The table below provides references to recently issued Announcements that are related to this topic.
Announcements | Issue Date |
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Announcement SVC-2021-03 | June 09, 2021 |
Announcement SVC-2020-03 | July 15, 2020 |