Archives For: SVC-2020-02

Fannie Mae: SVC-2020-02: Servicing Guide Update

Fannie Mae issued a release announcing a number of updates relevant to servicers. Included are changes to pre-modification housing expense-to-income ratio calculation for imminent default and cash contribution, updated instructions to servicers regarding escrow shortages that are part of the full monthly contractual payment, and an update to the Mortgage Assistance Application (Form 710).

10 Jun 2020