Fannie Mae: SVC-2019-02: Servicing Guide Updates
Investor Update
April 11, 2019
Source: Fannie Mae
The Servicing Guide has been updated to include changes related to the following:
• Insurance Loss Proceeds Disbursements*
• Evaluating Property Damage After a Disaster Event for Current Mortgage Loans
• Allowable Foreclosure Fees for New Hampshire, Maine and Washington, and Fee Proration Related to Milestone Billing**
• Mortgage Electronic Registration Systems (MERS®) Policy Consolidation*
• Contact Information for Legal Document Execution
• Foreclosure Sale Date Clarifications
• Miscellaneous Revisions*
*Policy change not applicable to reverse mortgage loans.
**Policy change applies only to Home KeeperTM mortgage loans and is not applicable to Home Equity Conversion Mortgage (HECM) loans.