FNMA Servicing Announcement: Documentation Requirements for Foreclosure and Bankruptcy Referral Packages, Special Rules For Nevada

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FNMA Servicing Announcement: Documentation Requirements for Foreclosure and Bankruptcy Referral Packages, Special Rules For Nevada

FNMA Servicing Announcement: Documentation Requirements for Foreclosure and Bankruptcy Referral Packages, Special Rules For Nevada

Servicing Guide, Part VIII, Section 104.01: Fannie Mae–Retained Attorneys; Section 104.03: Servicer-Retained Attorneys/Trustees and Special Rules for Nevada; Chapter 1, Exhibit 1: Mortgage Loan Status Data for Foreclosure Proceedings; Exhibit 2: Expected Servicer/Attorney (or Trustee) Interaction

Click image below… A little way too late in the game to try to perfect the documents one would say…

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One Response to “FNMA Servicing Announcement: Documentation Requirements for Foreclosure and Bankruptcy Referral Packages, Special Rules For Nevada”

  1. Newman says:

    Fannie and Freddie claim to “own” most mortgages but their guidelines (and PSAs) essentially instruct servicers to keep the note – don’t transfer it to them. However, without delivery of the note there is no negotiation or sale of the loan. Fannie and Freddie may have the mortgage/Deed of Trust, but not the most important part of the equation: the note. Without it, the mortgage/DOT is worthless. The servicer typically needs both to foreclose.

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