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Financial Services Law Insights and Observations

Fannie Mae Announces Miscellaneous Servicing Policy Changes

Fannie Mae Mortgage Servicing Servicing Guide

Lending

On September 5, Fannie Mae issued Servicing Guide Announcement SVC-2012-20, which updates special investor reporting requirements to provide new guidance regarding reporting a foreclosure for a modified mortgage loan with principal forbearance. The Announcement also provides new contact information for servicers to use when a borrower or servicer of a first-lien mortgage requests information relating to a HomeSaver Advance Note.