Servicing Guide

Published June 13, 2018

  • Servicing Guide: Main Page
    • Part D: Providing Solutions to a Borrower
      • D2: Assisting a Borrower Who is Facing Default or in Default
        • D2-3: Fannie Mae’s Home Retention and Liquidation Workout Options
          • D2-3.1: Preparing to Implement a Home Retention or Liquidation Workout Option
            • D2-3.1-03: Working with a Borrower that has a Group Home Mortgage Loan (11/12/2014)

D2-3.1-03: Working with a Borrower that has a Group Home Mortgage Loan (11/12/2014)

This topic contains information on working with a borrower that has a group home mortgage loan.

The servicer of a mortgage loan where the property securing the mortgage loan serves as a group home must

  • work with the borrower and the funding agency to resolve a serious delinquency; and

  • devote additional resources to foreclosure prevention efforts when the group home that secures a delinquent mortgage loan is still being occupied by disabled tenants and, if appropriate, delay the initiation of foreclosure.