Servicing Guide

Published November 10, 2020

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What are the requirements for filing a 1099-A, 1099-C and 1099-MISC to the IRS?

The following table describes the servicer’s requirements for reporting information to the IRS in accordance with C-4.2-01, Filing IRS Forms 1099-A, 1099-C and 1099–MISC. 

The servicer must...
 

File an information return with the IRS (using its own name and employer’s tax identification number), if it receives $600 or more of mortgage loan interest payments from the borrower for a calendar year.

 

Notify the borrower of the amount of interest it received and reported to the IRS.

 

File IRS Form 1099–MISC to report all fees it paid to foreclosure or bankruptcy attorneys for foreclosure and bankruptcy proceedings.

For more information please see Servicing Guide F-1-24: Reporting to Third Parties.

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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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