Fannie Mae Announces New Servicer Delinquency Management and Default Prevention Requirements

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Fannie Mae Announces New Servicer Delinquency Management and Default Prevention Requirements

Fannie Mae Announces New Servicer Delinquency Management and Default Prevention Requirements

Introduction

Fannie Mae is announcing new servicer requirements to streamline and simplify servicing processes, help servicers to contact delinquent borrowers more effectively, determine eligibility and offer foreclosure prevention alternatives to struggling homeowners. These new requirements begin implementing the consistent mortgage loan servicing and delinquency management requirements described in FHFA’s April 28, 2011 directive to Fannie Mae and Freddie Mac, as well as other related delinquency management policy changes.

[ipaper docId=57257324 access_key=key-22c2476to3cx6pfcmfjv height=600 width=600 /]

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