This topic summarizes the updates made to the Servicing Guide during the current calendar year.
The following table provides a description of the updates.
|SVC-2021-01, Servicing Guide Updates (01/20/2021)||Automatic Reclassification Time Frame for Delinquent MBS Mortgage Loans||Incorporates Lender Letter LL-2020-13 and extends
automatic reclassification triggers from four to 24 months for most
delinquent MBS mortgage loans.
|Delinquency Status Reporting for a Disaster Payment Deferral||Eliminates the requirement for reporting a
delinquency status code for a disaster payment deferral if the mortgage
loan is brought current.