Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale

fnma-svc-e-2-3-06

Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale.

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  authority: Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale
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      paragraph_quote: E-2.3-06, Responding to Bankruptcies Identiﬁed After Foreclosure Sale (07/14/2021) When the servicer learns after the foreclosure sale date that a borrower has ﬁled for bankruptcy, regardless of the date of the bankruptcy ﬁling, the servicer must submit the Bankruptcy Notiﬁcation Template to Fannie Mae’s SF CPM division (see F-4-02, List of Contacts) within two business days. The following table describes when the servicer is responsible for selecting and monitoring the law ﬁrm to handle a bankruptcy proceeding identiﬁed after a foreclosure sale. If the bankruptcy is ﬁled… And... Then the servicer… after the foreclosure sale date • the ﬁling is after any applicable redemption expiration or conﬁrmation/ratiﬁcation completion, or • there was no redemption period or conﬁrmation/ratiﬁcation is not responsible for selecting and monitoring the law ﬁrm that will handle the post-foreclosure sale bankruptcy proceeding. the ﬁling is prior to redemption expiration or conﬁrmation/ratiﬁcation completion, as applicable is not responsible for selecting and monitoring the law ﬁrm that will handle the post-foreclosure sale bankruptcy proceeding unless notiﬁed to do so by Fannie Mae. Published May 13, 2026 437 on or before the foreclosure sale date the servicer has conﬁrmed the REOgram to Fannie Mae is responsible for selecting and monitoring the law ﬁrm that will handle the bankruptcy proceeding • if notiﬁed to do so by Fannie Mae, or • when Fannie Mae eliminates the REOgram as a result of the bankruptcy ﬁling. the servicer has not conﬁrmed the REOgram to Fannie Mae is responsible for selecting and monitoring the law ﬁrm that will handle the bankruptcy proceeding. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SVC-2021-04 July 14, 2021 Announcement SVC-2019-06 September 11, 2019

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale — 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-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale

E-2.3-06, Responding to Bankruptcies Identiﬁed After Foreclosure Sale (07/14/2021) When the servicer learns after the foreclosure sale date that a borrower has ﬁled for bankruptcy, regardless of the date of the bankruptcy ﬁling, the servicer must submit the Bankruptcy Notiﬁcation Template to Fannie Mae’s SF CPM division (see F-4-02, List of Contacts) within two business days. The following table describes when the servicer is responsible for selecting and monitoring the law ﬁrm to handle a bankruptcy proceeding identiﬁed after a foreclosure sale. If the bankruptcy is ﬁled… And... Then the servicer… after the foreclosure sale date • the ﬁling is after any applicable redemption expiration or conﬁrmation/ratiﬁcation completion, or • there was no redemption period or conﬁrmation/ratiﬁcation is not responsible for selecting and monitoring the law ﬁrm that will handle the post-foreclosure sale bankruptcy proceeding. the ﬁling is prior to redemption expiration or conﬁrmation/ratiﬁcation completion, as applicable is not responsible for selecting and monitoring the law ﬁrm that will handle the post-foreclosure sale bankruptcy proceeding unless notiﬁed to do so by Fannie Mae. Published May 13, 2026 437 on or before the foreclosure sale date the servicer has conﬁrmed the REOgram to Fannie Mae is responsible for selecting and monitoring the law ﬁrm that will handle the bankruptcy proceeding • if notiﬁed to do so by Fannie Mae, or • when Fannie Mae eliminates the REOgram as a result of the bankruptcy ﬁling. the servicer has not conﬁrmed the REOgram to Fannie Mae is responsible for selecting and monitoring the law ﬁrm that will handle the bankruptcy proceeding. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SVC-2021-04 July 14, 2021 Announcement SVC-2019-06 September 11, 2019

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