Fannie Mae Announcement SVC-2010-07 Re-issued
June 11th, 2010
Fannie Mae reissued Announcement SVC-2010-07 titled, Introduction of Fannie Mae's Home Affordable Alternatives Program.
On Wednesday, June 9, Fannie Mae re-issued Announcement SVC-2010-07 to correct an error in the original version issued on June 1.
The Announcement corrections are highlighted in bold type on pages 17 and 21, and refer to the Remittance Code servicers must use when reporting the net short sales proceeds and $3,000 borrower incentive advance to Fannie Mae. The correct Special Remittance Code is 310, not 370 as stated in the original Announcement.
Details of Fannie Mae's Home Affordable Foreclosure Alternatives (HAFA) program can be found on the HAFA page on eFannieMae.com.
To view the revised Announcement, please click here
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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.