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 acquired through foreclosure sale or the servicer accepts the executed Mortgage Release, the servicer must review and confirm the REOgram notification in Property 360 for the following mortgage loans: 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.'
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-4) at 2026-05-22.
      quote_healed: true
      glyphs_normalized: true
    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.
      glyphs_normalized: true
    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 acquired through foreclosure sale or the servicer accepts the executed Mortgage Release, the servicer must review and confirm the REOgram notification in Property 360 for the following mortgage loans: 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.

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

Did an assistant just answer a Fannie Mae question for you? Announcements change Guide topics, but the old wording keeps circulating. An assistant will hand you the prior version and name no date at all. This page is the operative text, with its effective date.

Check the answer. Paste into ChatGPT or Claude:

Read https://claudeforcompliance.com/qc/fnma-svc-e-4 — the verbatim text of this section with its effective date. Tell me whether the answer you just gave me still matches it. Quote the operative text and its effective date, and flag anything you said that it does not support.

Operationalizing FNMA Servicing Guide E-4 — Managing Acquired Properties

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.

Source of record: https://claudeforcompliance.com/regs/fnma-svc-e-4/ · register fnma-svc-e-4 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.