Fannie Mae Servicing Guide E-3.2-07 — Impact of Engagement with a Mortgage Assistance Fund Program Provider
Fannie Mae Servicing Guide E-3.2-07 — Impact of Engagement with a Mortgage Assistance Fund Program Provider.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Servicing Guide E-3.2-07 — Impact of Engagement with a Mortgage Assistance Fund Program Provider — 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-3.2-07 — Impact of Engagement with a Mortgage Assistance Fund Program Provider
E-3.2-07, Impact of Engagement with a Mortgage Assistance Fund Program Provider (07/13/2022) If a mortgage assistance fund program provider notifies the servicer that a borrower has been approved for mortgage assistance and the servicer believes the funds will fully reinstate the mortgage loan, the servicer is authorized to postpone foreclosure actions for up to 45 days. The servicer may extend the suspension of foreclosure actions beyond 45 days, as necessary, to facilitate the processing of the mortgage assistance, provided that it continues to validate with the mortgage assistance fund program provider that the borrower’s status has not changed, the action is in compliance with its agreement with the mortgage assistance fund program provider, and it obtains prior approval from Fannie Mae's SF CPM division (see F-4-02, List of Contacts) for any suspension beyond 60 days. For additional information, see E-3.4-01, Suspending Foreclosure Proceedings for Workout Negotiations and D2-3.1-05, Interacting with Mortgage Assistance Fund Program Providers.
Operationalizing Fannie Mae Servicing Guide E-3.2-07 — Impact of Engagement with a Mortgage Assistance Fund Program Provider
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Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-3-2-07/
· register fnma-svc-e-3-2-07 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.