Servicing Guide

Published April 10, 2019

F-5-01: Servicing Guide Change Control Log (04/10/2019)

This topic summarizes the updates made to the Servicing Guide during the current calendar year.

Change Control Log

The following table provides a description of the updates.

Announcement Topic Description
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.

Impacted topic:

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.

Impacted topic:

Impacted Matrix:

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 fees.

Impacted topics:

Impacted Exhibit:

Consolidation of MERS Policy Consolidates shared selling and servicing policy related to the use of MERS into the Selling Guide.

Impacted topic:

Foreclosure Sale Date Clarifications Clarifies timing requirements for foreclosure actions resolved by court order without a foreclosure sale in applicable jurisdictions.

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.

Impacted topics: