Fannie Mae issued Servicing Guide Announcement SVC-2016-10 (Announcement). The Announcement: updates deadlines for submitting expense reimbursement requests; establishes additional property preservation repair descriptions and expense limits; updates document custodian requirements for transferee servicers; updates the Request for Approval of Servicing or Subservicing Transfer form (Form 629); clarifies mortgage loan modification requirements; increases the maximum reimbursement amount for posting a Notice of Foreclosure Sale in rural California counties; and updates the Allowable Foreclosure Attorney Fees Exhibit with respect to California and Minnesota.
Rural Housing Service
RHS Updates Monthly Electronic Status Reporting Codes
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
September 23, 2024
