Fannie Mae issued a notice (Notice) announcing a new non-routine litigation reporting requirement with respect to New York’s Foreclosure Abuse Prevention Act. Per the notice, if a defendant in a foreclosure proceeding, or a borrower or secured property title holder in an action seeking to discharge a mortgage, raises any of New York’s Foreclosure Abuse Prevention Act statutory amendments as a defense, the servicer must promptly report the matter to Fannie Mae using Non-Routine Litigation Form (Form 20).
Click to view the Fannie Mae Servicing News-Reporting Non-Routine Litigation to Fannie Mae: https://www.tenaco.com/wp-content/uploads/2023/02/Fannie-Mae-Servicing-News-Reporting-Non-Routine-Litigation-to-Fannie-Mae-02-08-23.pdf
