Fannie Mae Servicing Guide D1-6-03 — Handling Property Forfeitures and Seizures
Fannie Mae Servicing Guide D1-6-03 — Handling Property Forfeitures and Seizures.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Servicing Guide D1-6-03 — Handling Property Forfeitures and Seizures — 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.
Fannie Mae Servicing Guide D1-6-03 — Handling Property Forfeitures and Seizures
D1-6-03, Handling Property Forfeitures and Seizures (11/12/2014) Introduction This topic contains information on handling property forfeitures and seizures. Handling Property Forfeitures and Seizures Handling Property Forfeitures and Seizures With respect to property forfeitures and seizures, the servicer must take the actions described in the following table. ✓ The servicer must... Control and monitor all proceedings and actions related to property forfeitures and seizures. Maintain a detailed record of all contacts, requests, and actions taken with respect to each property. Ensure that all information regarding any forfeiture contacts are kept confidential and limit the number of persons having access to the information. Keep its Fannie Mae Servicing Representative (see F-4-02, List of Contacts) informed about the status of the mortgage loan and the property by reporting, at a minimum, the following items: • the source of any mortgage loan payments, • any default under the payment terms of the mortgage loan, • a sale or other disposition of the property, and • the amount of any property disposition proceeds. The servicer must follow the procedures in F-1-07, Handling Property Forfeitures and Seizures for responding when contacted in regards to a property forfeiture or seizure depending on the timing of the contact. Also see Published May 13, 2026 286 D1-1-02, Evaluating a First Lien Mortgage Loan for Charge-Off and Release of Lien. Recent Related Announcements There are no recently issued Announcements related to this topic. Subpart D2, Assisting a Borrower Who is Facing Default or in Default Introduction This subpart contains information on assisting a borrower who is facing default or in default. Chapter D2-1, Working with a Borrower Who is Facing Default Introduction This chapter contains information on working with a borrower who is facing default.