FNMA Servicing Guide D2-3 — Fannie Mae's Home Retention and Liquidation Workout Options

fnma-svc-d2-3

Servicing Guide Chapter D2-3 covers the FNMA workout menu and workout-selection governance.

Get this register: .xlsx .csv More bundles →

source:
  type: regulation
  id: fnma-svc-d2-3
  authority: FNMA Servicing Guide D2-3 — Fannie Mae's Home Retention and Liquidation Workout Options
  description: |
    Servicing Guide Chapter D2-3 covers the FNMA workout menu and workout-selection governance.
obligations:
  - id: fnma-svc-d2-3-no-upfront-cash-contribution
    canonical_id: fnma-svc-d2-3-no-upfront-cash-contribution
    section: FNMA Servicing Guide D2-3.1-01 — Determining the Appropriate Workout Option
    description: |
      [LENDER] must not require the borrower to make an upfront cash
      contribution to be considered for a workout option on a Fannie Mae
      mortgage loan.
    type: dont
    audit_question: Can [LENDER] evidence that no upfront cash contribution was required from any borrower as a condition of being considered for a Fannie Mae workout option?
    program_review: Does the program ensure no upfront cash contribution is required for a borrower to be considered for a workout option?
    file_review: Review workout evaluations; confirm no upfront cash contribution was required as a condition of consideration.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: loss_mitigation_specialist
    secondary_owner_role: compliance_officer
    cadence: per-loss-mit-event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - workout-option
      - no-upfront-cash
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide D2-3.1-01
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: The servicer must not require the borrower to make an upfront cash contribution to be considered for a workout
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter D2-3) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:12+00:00'
    promoted_from: fnma-svc-d2-3-roundb-v1.yaml
  - id: fnma-svc-d2-3-no-modify-loan-in-mbs-pool
    canonical_id: fnma-svc-d2-3-no-modify-loan-in-mbs-pool
    section: FNMA Servicing Guide D2-3.1-02 — Conditions of a First and Second Lien Mortgage Loan Modification for an MBS Mortgage Loan
    description: |
      [LENDER] must not modify a mortgage loan while it is in an MBS pool
      (including PFP mortgage loans); performing MBS mortgage loans are
      ineligible for purchase from the related MBS pool for the purpose of
      modifying the mortgage loan term, interest rate, UPB, or other major
      characteristic(s) of the mortgage loan.
    type: dont
    audit_question: Can [LENDER] evidence that no mortgage loan was modified while still in an MBS pool, and that no performing MBS mortgage loan was purchased from its pool for the purpose of modifying its term, rate, UPB, or other major characteristic?
    program_review: Does the program ensure no loan is modified while in an MBS pool (incl. PFP), and no performing MBS loan is purchased from its pool to modify term, rate, UPB, or other major characteristic?
    file_review: For modified MBS loans, confirm removal from the pool before modification, and that no performing MBS loan was pool-purchased for modification.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: loss_mitigation_specialist
    secondary_owner_role: compliance_officer
    cadence: per-loss-mit-event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - mbs-pool
      - modification-prohibition
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide D2-3.1-02
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: The servicer must not modify a mortgage loan while it is in an MBS pool (including PFP mortgage loans).
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter D2-3) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:12+00:00'
    promoted_from: fnma-svc-d2-3-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T00:25:12+00:00'
    candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-d2-3-roundb-v1.yaml
    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from FNMA Servicing Guide D2-3 — Fannie Mae's Home Retention and Liquidation Workout Options — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FNMA Servicing Guide D2-3.1-01 — Determining the Appropriate Workout Option

The servicer must not require the borrower to make an upfront cash contribution to be considered for a workout

Source: FNMA Servicing Guide D2-3.1-01 · source URL · snapshot cf63a82bbb4adfba

FNMA Servicing Guide D2-3.1-02 — Conditions of a First and Second Lien Mortgage Loan Modification for an MBS Mortgage Loan

The servicer must not modify a mortgage loan while it is in an MBS pool (including PFP mortgage loans).

Source: FNMA Servicing Guide D2-3.1-02 · source URL · snapshot cf63a82bbb4adfba