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Fannie Mae Servicing Guide Announcement (SVC-2023-04) – Insured Loss Events

On July 12th, Fannie Mae published Servicing Guide Announcement SVC-2023-04, which among other topics included an announcement that Fannie Mae reorganized the insured loss events section of the Servicing Guide (Guide Section B-5-01). The purpose of the update was to streamline the language and improve clarity. No substantive changes were made.

SVC 2023-04 also provided updates on the following topics:

  • Requirements for partial release of security
  • Updates to the Request for Approval of Servicing and Subservicing transfer
  • Automated Clearing House banking instructions

If you have any questions, please contact your relationship manager.