Fannie Mae Servicing Guide Announcement SVC-2013-20
This announcement details Fannie Mae servicing guideline updates from 2013 affecting mortgage servicers’ operational requirements and borrower assistance programs.
Key Servicing Updates
Fannie Mae periodically issues Servicing Guide Announcements (SEL/SVC) to update policies for mortgage loan servicers. These announcements cover:
- Loss mitigation requirements: Workout options for delinquent borrowers
- Foreclosure timelines: State-specific foreclosure processing requirements
- Reporting obligations: Data submission and compliance reporting
- Investor remittance: Payment and accounting requirements
- Property preservation: Standards for maintaining distressed properties
Historical Context
The 2013 servicing environment reflected post-crisis reforms including enhanced consumer protections, expanded modification programs, and stricter compliance requirements. Servicers were required to implement new technologies and processes to meet evolving standards.
Current Servicing Resources
For current Fannie Mae servicing guidelines, visit:
- Fannie Mae Servicing Guide (updated regularly)
- AllRegs compliance database
- Fannie Mae Announcement Archive
Servicers should always consult current guidelines for active requirements, as policies continue to evolve.
