FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses

fnma-svc-b1-01

FNMA Servicing Guide B-1-01 governs escrow account administration: monitoring status of escrow and related charges (taxes, hazard/flood insurance, MI premiums, ground rents, HOA assessments), timely payment before penalty/termination dates, maximum-discount payment timing, escrow-waiver no-solicitation rule, and MIP-escrow-may-not- be-waived rule. Fills FNMA Servicing B-1 chapter gap.

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Verbatim regulatory text (5)

Verbatim provisions from FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses — 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 B-1-01 — Timely payment of escrow charges before penalty/termination

ensure the timely payment of all escrow and related charges before any applicable penalty or termination date

Source: FNMA Servicing Guide B-1-01 — Overview · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide B-1-01 — No solicitation of borrower to waive escrow

The servicer must not solicit a borrower with an

Source: FNMA Servicing Guide B-1-01 — Waiving Escrow Account Requirements · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide B-1-01 — MIP escrow may not be waived for monthly-premium loans

The servicer may not waive the individual escrow requirement for MIPs when the premiums are paid monthly.

Source: FNMA Servicing Guide B-1-01 — Waiving Escrow Account Requirements (MIP exception) · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide B-1-01 — Maintain accurate records on escrow and related charges

maintaining accurate records on the status of all escrow and related charges

Source: FNMA Servicing Guide B-1-01 — Overview · source URL · snapshot f662f911b3ddaf1d