FANNIE MAE SERVICING GUIDE ANNOUNCEMENT — DELINQUENCY MANAGEMENT AND OTHER SERVICING RESPONSIBILITIES

Fannie Mae is updating policies as a result of certain Consumer Financial Protection Bureau (CFPB) rules and regulations that implement the mortgage servicing provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and other eligibility requirements for liquidation workout options. The policies updated in this Announcement relate to:  General requirements for standard short sale/HAFA II and Mortgage Release™  Eligibility requirements for standard short sale/HAFA II, Mortgage Release, and streamlined documentation  Property valuation for mortgage loan modifications  Servicer requirements relating to an appeal ? Borrower inquiries Effective Date Unless stated otherwise, the effective date for the changes in this Announcement is January 10, 2014.

http://stopforeclosurefraud.com/wp-content/uploads/2013/12/svc1323-1.pdf

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