Fannie Mae Servicing Guide E-2.1-10 — Dealing with Delays in the Bankruptcy Process

fnma-svc-e-2-1-10

Fannie Mae Servicing Guide E-2.1-10 — Dealing with Delays in the Bankruptcy Process.

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Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide E-2.1-10 — Dealing with Delays in the Bankruptcy Process — 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 E-2.1-10 — Dealing with Delays in the Bankruptcy Process

Effective 2014-11-12 · publisher's stamp for this provision

E-2.1-10, Dealing with Delays in the Bankruptcy Process (11/12/2014) The bankruptcy timelines in this chapter represent expected time frames within which Fannie Mae expects a routine bankruptcy proceeding to be concluded, given the applicable legal requirements. Fannie Mae recognizes there are a variety of issues that may cause delays in completing bankruptcy cases. Examples of potential delays in the bankruptcy process include: the borrower performing in accordance with an adequate protection order or stipulation, a bankruptcy trustee attempting to sell the property securing the mortgage loan, or jurisdictional constraints being present. The servicer must ensure all pre-petition and post-petition payments are properly applied and monitored in accordance with all applicable laws and as described in Processing Pre-Petition and Post-Petition Payments in E-2.2-04, Managing Chapter 13 Bankruptcies. The servicer is responsible and accountable for any and all timeline delays attributable to the law firm.

Source: Fannie Mae Servicing Guide E-2.1-10 — Dealing with Delays in the Bankruptcy Process · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide E-2.1-10 — Dealing with Delays in the Bankruptcy Process

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