FNMA Servicing Guide A2-1-07 — Subservicing (05/13/2026)
FNMA Servicing Guide A2-1-07 governs subservicing arrangements: when a Fannie Mae-approved master servicer uses another organization (the subservicer) to perform some or all of its servicing functions. Both master and subservicer must be Fannie Mae-approved servicers in good standing for new arrangements; written subservicing agreements must acknowledge Fannie Mae's right to rescind recognition; custodial account forms (1013 / 1014) must be submitted; the master servicer remains fully liable to Fannie Mae regardless of subservicer performance; subservicing arrangements must be confirmed annually via Form 582 (Lender Record Information). Fills the A2/A3 subservicing gap previously identified in the CSH library coverage audit.
Verbatim regulatory text
Verbatim provisions from FNMA Servicing Guide A2-1-07 — Subservicing (05/13/2026) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FNMA Servicing Guide A2-1-07 — Subservicing eligibility
The master servicer may not enter into new subservicing arrangements or extend existing arrangements to include newly originated mortgage loans, unless both the master servicer and the subservicer are Fannie Mae- approved servicers in good standing who are able to perform the duties associated with the master servicer/subservicer arrangement.
FNMA Servicing Guide A2-1-07 — Written subservicing agreement rescission clause
must ensure that its written agreement with the subservicer acknowledges Fannie Mae’s
FNMA Servicing Guide A2-1-07 — Custodial account Letter of Authorization forms
the subservicer must submit the applicable custodial account form
FNMA Servicing Guide A2-1-07 — Master servicer remains liable for subservicer breach
the master servicer remains fully liable to Fannie Mae for the performance of all servicing obligations.
FNMA Servicing Guide A2-1-07 — Annual subservicing-arrangement confirmation via Form 582
The master servicer must con
FNMA Servicing Guide A2-1-07 — Subservicing must not interfere with remitting / reporting
may use a subservicer only if it will not interfere with the servicer’s ability to meet Fannie Mae’s