Fannie Mae SVC-2015-02 Mortgage Insurer Deferred Payment Obligation and Calculation of Indemnification Claim
On January 14, Fannie Mae released Servicing Guide Announcement SVC-2015-02, subtitled Mortgage Insurer Deferred Payment Obligation and Calculation of Indemnification Claim.
Servicing Guide Announcement SVC-2015-02
Mortgage Insurer Deferred Payment Obligation and Calculation of Indemnification Claim
Fannie Mae is amending its policies and requirements related to the following:
- Deferred Payment Obligation (DPO) and Repurchase Price or Make Whole Payment Amount
- Calculation of Indemnification Claim for Loss of Mortgage Insurance Benefits
Policy Change Effective Date
The servicer must implement the policy changes in this Announcement immediately.
Date of Servicing Guide Update
These policy changes will be reflected in A1-3, Repurchases, Indemnification, and Make Whole Payment Requests in the February 2015 monthly update of the Servicing Guide.
Please click here to view the announcement in its entirety online.
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow. Website: www.safeguardproperties.com.