Fannie Mae Announcement SVC-2010-05 Miscellaneous Servicing Policy Changes
April 1st, 2010
Fannie Mae has issued Announcement SVC-2010-05 titled,
Miscellaneous Servicing Policy Changes.
Announcement SVC-2010-05 Miscellaneous Servicing Policy Changes
This Announcement describes updates and clarifications to several servicing policies, including:
- Document custodian requirements for government loan modifications
- Foreclosure attorney fees for New Mexico and Vermont
- Mortgage insurance cancellations on loan modifications
- Foreclosure actions in the name of MERS
- Flat File layout for Payment Reduction Plan loans
- Balloon mortgage loans with a conditional modification option
To view the Announcement in its entirety, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico