Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings

fnma-svc-e-3-2-05

Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings.

Get this register: .xlsx .csv More bundles →

source:
  type: guide
  id: fnma-svc-e-3.2-05
  authority: Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings
  description: Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings.
  coverage_tier: operative
obligations:
  - id: fnma-svc-e-3.2-05-full
    canonical_id: fnma-svc-e-3.2-05-full
    section: Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings
    description: ''
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    tags:
      - regulator-direct
      - fnma
      - servicing-guide
      - corpus-expansion
      - tier-operative
    primary_source:
      tier: 1
      authority: Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings
      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: 'E-3.2-05, Expected Servicer/Attorney Interaction During Foreclosure Proceedings (04/10/2019) Fannie Mae requires the servicer and the law ﬁrm to interact throughout the course of foreclosure proceedings. Some of the key instances of this interaction are listed in the following table. Please note that this list is not intended to be all-inclusive as there will be other mortgage loan and jurisdictional speciﬁc servicing obligations; therefore, the servicer must respond to any law ﬁrm requests consistent with the requirements and time frames set forth in the following table. The law ﬁrm will… And the servicer must… acknowledge receipt of the referral package (and indicate whether or not it is complete) within two business days provide any required missing documents or additional information to the law ﬁrm (including veriﬁcations, certiﬁcations, documentation, and signatures) within three business days after it receives the law ﬁrm’s request for the items. Note: To ensure that this timeline is met, a servicer should consider giving the law ﬁrm a LPOA, or other similar alternative. notify the servicer of the scheduled foreclosure sale date, or in applicable foreclosure actions where there is no foreclosure sale and title is transferred by court order, the estimated court order docket date provide the law ﬁrm with bidding instructions at least ﬁve business days before the scheduled sale date. If the servicer’s failure to provide bidding instructions results in the continuance or postponement of a scheduled foreclosure sale, Fannie Mae will not reimburse the servicer for the attorneys’ fees and costs incurred as a result of the continuance or postponement. Note: The servicer must advise the law ﬁrm if a deﬁciency judgment is to be pursued after the sale in Louisiana. Published May 13, 2026 447 The law ﬁrm will… And the servicer must… request an advance of funds from the servicer when it is required to make a signiﬁcant advance in connection with the foreclosure proceedings. respond to the law ﬁrm’s request for an advance of funds to defray out-of-pocket costs within ten business days in any instance in which the law ﬁrm is required to make a signiﬁcant advance in connection with the foreclosure. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SVC-2019-02 April 10, 2019'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings — 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.

Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings

E-3.2-05, Expected Servicer/Attorney Interaction During Foreclosure Proceedings (04/10/2019) Fannie Mae requires the servicer and the law ﬁrm to interact throughout the course of foreclosure proceedings. Some of the key instances of this interaction are listed in the following table. Please note that this list is not intended to be all-inclusive as there will be other mortgage loan and jurisdictional speciﬁc servicing obligations; therefore, the servicer must respond to any law ﬁrm requests consistent with the requirements and time frames set forth in the following table. The law ﬁrm will… And the servicer must… acknowledge receipt of the referral package (and indicate whether or not it is complete) within two business days provide any required missing documents or additional information to the law ﬁrm (including veriﬁcations, certiﬁcations, documentation, and signatures) within three business days after it receives the law ﬁrm’s request for the items. Note: To ensure that this timeline is met, a servicer should consider giving the law ﬁrm a LPOA, or other similar alternative. notify the servicer of the scheduled foreclosure sale date, or in applicable foreclosure actions where there is no foreclosure sale and title is transferred by court order, the estimated court order docket date provide the law ﬁrm with bidding instructions at least ﬁve business days before the scheduled sale date. If the servicer’s failure to provide bidding instructions results in the continuance or postponement of a scheduled foreclosure sale, Fannie Mae will not reimburse the servicer for the attorneys’ fees and costs incurred as a result of the continuance or postponement. Note: The servicer must advise the law ﬁrm if a deﬁciency judgment is to be pursued after the sale in Louisiana. Published May 13, 2026 447 The law ﬁrm will… And the servicer must… request an advance of funds from the servicer when it is required to make a signiﬁcant advance in connection with the foreclosure proceedings. respond to the law ﬁrm’s request for an advance of funds to defray out-of-pocket costs within ten business days in any instance in which the law ﬁrm is required to make a signiﬁcant advance in connection with the foreclosure. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SVC-2019-02 April 10, 2019

Source: Fannie Mae Servicing Guide E-3.2-05 — Expected Servicer/Attorney Interaction During Foreclosure Proceedings · source URL · snapshot cf63a82bbb4adfba