01 Feb Fannie Mae: SVC-2021-01: Servicing Guide Updates
January 20, 2021
Source: Fannie Mae
The Servicing Guide has been updated to include changes to the following:
▪ Automatic reclassification time frame for delinquent MBS mortgage loans*: incorporates Lender Letter LL-2020-13, which
extended automatic reclassification triggers from four to 24 months for most delinquent MBS mortgage loans.
▪ Update to delinquency status reporting for a disaster payment deferral*: eliminates the requirement for reporting a
delinquency status code for a disaster payment deferral if the mortgage loan is brought current.
▪ Miscellaneous update: updates our policies on remote online notarizations for the purpose of servicing or modifying a
*Policy change not applicable to reverse mortgage loans.
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