FNMA Servicing Guide E-4 — Managing Acquired Properties

fnma-svc-e-4

Servicing Guide Chapter E-4 governs REO handoff to Fannie Mae after foreclosure sale or executed Mortgage Release.

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source:
  type: regulation
  id: fnma-svc-e-4
  authority: FNMA Servicing Guide E-4 — Managing Acquired Properties
  description: |
    Servicing Guide Chapter E-4 governs REO handoff to Fannie Mae after foreclosure sale or executed Mortgage Release.
obligations:
  - id: fnma-svc-e-4-reogram-1-business-day-confirmation
    canonical_id: fnma-svc-e-4-reogram-1-business-day-confirmation
    section: FNMA Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired Property
    description: |
      Within one business day upon receipt of the daily REOgram notification
      from Property 360 for any REO property acquired through foreclosure
      sale or [LENDER]'s acceptance of an executed Mortgage Release, [LENDER]
      must review and confirm the REOgram notification in Property 360 for
      all conventional mortgage loans and any special servicing option RD
      mortgage loans (even though Fannie Mae may not gain clear title to the
      property until after expiration of any redemption period).
    type: do
    audit_question: For every REO property acquired through foreclosure sale or executed Mortgage Release on a Fannie Mae conventional or special-servicing-option RD mortgage loan, can [LENDER] evidence REOgram review and confirmation in Property 360 within one business day of the daily Property 360 notification?
    program_review: Does the program ensure REOgram notifications from Property 360 are reviewed/confirmed within one business day for conventional and special-servicing-option RD loans acquired via foreclosure sale or executed Mortgage Release?
    file_review: For acquired REO, confirm Property 360 REOgram review/confirmation within one business day of the daily notification.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: foreclosure_specialist
    secondary_owner_role: compliance_officer
    cadence: per-event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - reogram
      - property-360
      - 1-business-day
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide E-4.1-01
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: Within one business day upon receipt of the daily REOgram notiﬁcation from Property 360 for any REO property
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-4) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:13+00:00'
    promoted_from: fnma-svc-e-4-roundb-v1.yaml
  - id: fnma-svc-e-4-elimination-rescission-5-day
    canonical_id: fnma-svc-e-4-elimination-rescission-5-day
    section: FNMA Servicing Guide E-4.1-02 — Eliminations and Rescissions of Foreclosure Sales
    description: |
      When [LENDER] identifies an issue that requires an elimination and/or
      rescission of the foreclosure sale, [LENDER] must submit a request for
      elimination and/or rescission within five days using the Elimination/
      Rescission Request Template.
    type: do
    audit_question: For every foreclosure sale on a Fannie Mae mortgage loan where [LENDER] identifies an issue requiring elimination/rescission, can [LENDER] evidence submission of the Elimination/Rescission Request Template within five days of identifying the issue?
    program_review: Does the program ensure that when an issue requiring elimination/rescission of a foreclosure sale is identified, the Elimination/Rescission Request Template is submitted within five days?
    file_review: For sales requiring elimination/rescission, confirm the template was submitted within five days of identifying the issue.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: foreclosure_specialist
    secondary_owner_role: compliance_officer
    cadence: per-event
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - foreclosure-rescission
      - 5-day
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide E-4.1-02
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: servicer must submit a request for elimination and/or rescission within ﬁve days.
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-4) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:13+00:00'
    promoted_from: fnma-svc-e-4-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-23T00:25:13+00:00'
    candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-e-4-roundb-v1.yaml
    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from FNMA Servicing Guide E-4 — Managing Acquired Properties — 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.

FNMA Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired Property

Within one business day upon receipt of the daily REOgram notiﬁcation from Property 360 for any REO property

Source: FNMA Servicing Guide E-4.1-01 · source URL · snapshot cf63a82bbb4adfba

FNMA Servicing Guide E-4.1-02 — Eliminations and Rescissions of Foreclosure Sales

servicer must submit a request for elimination and/or rescission within ﬁve days.

Source: FNMA Servicing Guide E-4.1-02 · source URL · snapshot cf63a82bbb4adfba