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E-4.5-04, Filing MI Claims for FHA Title I Loans (11/12/2014)

The servicer must file a claim under the insurance contract for an FHA Title I mortgage loan within nine months of the date of the borrower's default. The servicer must file the claim in accordance with the information shown in the following table.

If the Title I mortgage loan... Then the claim...

was sold to Fannie Mae without recourse

must be filed in Fannie Mae's name so Fannie Mae's claim reserve account is appropriately adjusted.

was sold to Fannie Mae with recourse

must be filed in the servicer's name so the servicer's claim reserve account is adjusted and the claim proceeds are sent to it.

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