Fannie Mae issued Servicing Guide Announcement SVC-2016-05 (Announcement). This Announcement updates the Servicing Guide with respect to: retirement of delinquency counseling requirements for community lending mortgage loans; Fannie Mae HAMP modification termination; foreclosure title costs; property insurance reimbursement limits; mortgage release policies and procedures; and other miscellaneous revisions. In addition, the Announcement removes the requirement that a servicer pay all future real estate property taxes for acquired properties located in Florida with a foreclosure sale date where Fannie Mae acquires the property on or after August 1, 2016 unless otherwise notified by Fannie Mae.
Click here to view the Fannie Mae Servicing Guide Announcement
