Fannie Mae: Lender Letter Extends Some Foreclosure Sale Suspensions; Updated Form 2001; and More

Investor Update
March 7, 2018

Source: Fannie Mae

Lender Letter LL-2018-01: Extension of Foreclosure Sale Suspension in Puerto Rico and the U.S. Virgin Islands

As we continue to stand with the victims of Hurricanes Irma and Maria, we are extending the suspension of all foreclosure sales through May 31 for mortgages secured by properties in Puerto Rico and the U.S. Virgin Islands located in FEMA-declared disaster areas as a result of these hurricanes. Review Lender Letter LL-2018-01, Extension of Foreclosure Sale Suspension in Puerto Rico and the U.S. Virgin Islands, and visit our Disaster Relief page, for more information.

Submit the updated Form 2001 electronically

We have published an updated version of Fannie Mae's Annual Statement of Eligibility for Document Custodians (Form 2001). Please note that the form should be submitted by email, instead of by the U.S. Postal Service, and all supplemental data should be included in the embedded document. We also made minor wording updates, including differentiating between custodial agreement types. For additional information, please contact your Single-Family Custody Operations analyst.

Know the latest trends in mortgage fraud

Do you know the latest trends in mortgage fraud? As part of Fannie Mae's commitment to detecting and preventing mortgage fraud, we have posted a new Mortgage Fraud Trends presentation with statistics about what we are seeing in the market. We plan to update it on a regular basis, so check back periodically to see what's new. This is just one way we're helping mortgage professionals stay alert. Visit the Mortgage Fraud Prevention page to check out our quick guide to help you identify common red flags that may point to mortgage fraud, and brush up on your knowledge with eLearning tutorials on the basics of mortgage fraud, investment club and Ponzi schemes, property flipping schemes, and other topics as well as links to other useful information sources.

Join us at these upcoming events:

  • March 13-17 | ICBA Community Banking Live 2018 | Las Vegas
  • March 18-21 | Capital Markets Cooperative Annual Summit | Miami
  • March 19-21 | Ellie Mae Experience 2018 | Las Vegas

View more events.

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