WebThe action code that must be reported differs based on whether the mortgage insurance is automatically terminated or is canceled based on the borrower's request. To upload a Transaction Type 89 file to Fannie Mae, follow these steps: 1. Create a file that contains all the records you want to submit. WebUsed to report a foreclosure sale where a third-party purchaser has acquired the property, when a condemnation of the property has occurred, or a preforeclosure sale has been approved. The Action Date is the date of the foreclosure sale, the date of the legal notice of condemnation, or for preforeclosure sale, the date the sale is final.

Fannie Mae

Webmost applicable reason code from the six reason codes listed in the form HUD-11708 and further described as follows: Reason Code 1- Mortgage Paid in Full: Reason Code 1 applies when the Issuer has received and deposited funds on behalf of the mortgagor to pay the loan in full in accordance with Chapter 16-9(A) of the Guide. WebMar 8, 2024 · Remove the mortgage loan from Fannie Mae's investor reporting system by reporting an Action Code 70 or 72 as indicated by Fannie Mae in its approval letter. Note: To the extent feasible, Fannie Mae will require the charge-off and lien release to be conducted simultaneously, unless awaiting receipt of proceeds associated with the … c and c near me

Fannie Mae Servicing

WebHome Fannie Mae WebApr 27, 2011 · 4500. BOOKS, RECORDS AND REPORTS. 4510. Books and Records Requirements. 4515. Approval and Documentation of Changes in Account Name or … Web1 15-15 Executiv Executive Summary The NAC has revised the Sanction Guidelines related to misrepresentations and suitability. Specifically, the revisions: 00 modify the guidelines … fishnuts