The following table provides a description of the updates.
|SVC-2019-04, Servicing Guide Updates (06/12/2019)||Updates to Release of Property Requirements||Clarify and simplify the policy by improving
servicer comprehension, eliminating complexity, minimizing the need
to escalate for Fannie Mae approval, and providing clearer valuation
and documentation requirements.
|SVC-2019-03, Servicing Guide Updates (05/15/2019)||MI Termination Solicitations||Clarifies when a servicer is authorized to
solicit for MI termination.
|Document Custodian Updates||Removes all references to Fannie Mae’s
designated document custodian (DDC) from the Selling and Servicing
Guides and updates related processes to reflect the use of a Fannie
Various topics impacted in Parts A, C, E, and F.
|Eliminations and Rescissions of Foreclosure Sales Process Update||Updates the Guide to
reference the new Eliminations/Rescission Daily Report
on Fannie Mae Connect.
|Reimbursement of Recording Costs in Connection with Charge-Offs||Clarifies that Fannie Mae will reimburse the
servicer for the cost to record a release of lien required in connection
with a mortgage loan charge-off.
|SVC-2019-02, Servicing Guide Updates (04/10/2019)||Updates to Disbursing Insurance Loss Proceeds||Incorporated the requirements in LL-2017-09R
into the Servicing Guide for
any insured loss event regardless of cause.
|Evaluating Property Damage After a Disaster Event for Current Mortgage Loans||Updates existing policy to provide servicers
with more flexibility for evaluating property damage after a disaster
if the mortgage loan is current at the time of the disaster event
and remains current following the disaster event.
|Allowable Foreclosure Fees for Washington, New Hampshire and Maine and Fee Proration Related to Milestone Billing||Updates the allowable foreclosure attorney
fees in three states and clarifies the requirements for prorated
|Consolidation of MERS Policy||Consolidates shared selling and servicing policy
related to the use of MERS into the Selling Guide.
|Foreclosure Sale Date Clarifications||Clarifies timing requirements for foreclosure
actions resolved by court order without a foreclosure sale in applicable
Various topics impacted in Parts D - F.
|SVC-2019-01, Servicing Guide Updates (02/13/2019)||Foreclosure Time Frame and Compensatory Fee Update||Update existing foreclosure timeline management
and compensatory fee framework.