Fannie Mae Servicing Guide E-3.3-06 — Handling a Suspension or Reduction of the Redemption Period

fnma-svc-e-3-3-06

Fannie Mae Servicing Guide E-3.3-06 — Handling a Suspension or Reduction of the Redemption Period.

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Verbatim provisions from Fannie Mae Servicing Guide E-3.3-06 — Handling a Suspension or Reduction of the Redemption Period — 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-3.3-06 — Handling a Suspension or Reduction of the Redemption Period

Effective 2014-11-12 · publisher's stamp for this provision

E-3.3-06, Handling a Suspension or Reduction of the Redemption Period (11/12/2014) The servicer must abide by any suspension of the redemption period as required by SCRA. The following table provides additional Fannie Mae requirements applicable to the suspension period. ✓ The servicer must... Permit the servicemember's dependents to continue living in the property and paying a reasonable rent, if they were residing in the property at the time of foreclosure sale. Notify Fannie Mae's SF CPM division (see F-4-02, List of Contacts) about the suspension of the redemption period until after the completion of the borrower's active duty so that Fannie Mae can adjust its marketing efforts for the property. Also see D2-3.4-01, Military Indulgence. Whenever possible and economically feasible, petition the court or take any other legal actions necessary for a reduced redemption period if the property is vacant or abandoned in order to minimize expenses and delays.

Source: Fannie Mae Servicing Guide E-3.3-06 — Handling a Suspension or Reduction of the Redemption Period · source URL · snapshot cf63a82bbb4adfba

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Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-3-3-06/ · register fnma-svc-e-3-3-06 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.