Fannie Mae issued Lender Letter LL-2017-08, introducing a new imminent default evaluation process for conventional mortgage loan modifications. Developed jointly with Freddie Mac (at the direction of the Federal Housing Finance Agency), the new imminent default evaluation process replaces Freddie Mac’s current Imminent Default Indicator model with a simplified process for determining eligibility for a conventional mortgage loan modification. Servicers must use the new imminent default evaluation on and after July 1, 2018 (however, servicers are encouraged to implement the new evaluation as early as February 1, 2018).
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
