Fannie Mae issued Servicing Guide Announcement SVC-2021-08 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae consolidated property insurance requirements applicable to both lenders and servicers into the Selling Guide. In addition, Fannie Mae revised various borrower-facing Guide documents, updated post-delivery servicing transfer requirements, retired the MBS Custodian Recertification form (Form 2002), and eliminated the requirement for subservicer approval for servicing HomeStyle Renovation mortgage loans. Revisions related to borrower-facing Guide documents are effective March 1, 2022 (servicers, however, are encouraged to begin using the updated Guide documents immediately). All other revisions are effective immediately.
Click to view the Fannie Mae Servicing Guide Announcement SVC-2021-08: https://www.tenaco.com/wp-content/uploads/2021/12/Fannie-Mae-Servicing-Guide-Announcement-SVC-2021-09-12-08-21.pdf
