Fannie Mae Servicing Guide Announcement SVC -2016 -05

Servicing Guide Announcement SVC -2016-05 June 8, 2016 Servicing Guide Updates The Servicing Guide has been updated to include changes related to the following: ? Retirement of Delinquency Counseling Requirements for Community Lending Mortgage Loans ? Fannie Mae HAMP Modification Termination ? Foreclosure Title Costs ? Further Reduction of Servicing Requirements for Florida Acquired Properties ? Property Insurance Reimbursement Limits ? Mortgage Release Policies and Procedures ? Miscellaneous Revision Each of these updates is described below. The servicer must review each topic in the Servicing Guide in its entirety to gain a full understanding of the policy change(s)