Fannie Mae Updates Investor Reporting Manual and Extends Mandatory Effective Date of Recent IRS Reporting Changes

Fannie Mae issued Servicing Announcement SVC-2021-05 (Announcement), Per the Announcement, Fannie Mae updated the Investor Reporting Manual to incorporate previously communicated changes regarding payment deferral gross servicing fee and guarantee fee reimbursement, and foreclosure P&I advance reimbursement. Fannie Mae also extended the effective date of the revised IRS reporting requirements announced in Servicing Announcement SVC-2021-03 from September 1, 2021 to January 1, 2022. Revisions to the Investor Reporting manual are effective for the September 2021 mortgage loan activity reporting.

Click to view the Fannie Mae Servicing Announcement SVC-2021-05: https://www.tenaco.com/wp-content/uploads/2021/08/Fannie-Mae-Servicing-Announcement-SVC-2021-05-08-11-21.pdf

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