Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale
Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale.
Verbatim regulatory text
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. 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.
Operationalizing Fannie Mae Servicing Guide E-2.3-06 — Responding to Bankruptcies Identified After Foreclosure Sale
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Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-2-3-06/
· register fnma-svc-e-2-3-06 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.