Fannie Mae issued an update to Lender Letter LL-2025-02 to:
- Clarify that servicers should establish a reasonable daily cut-off of their work to ensure servicing events are reported no later than 3:00 a.m. eastern time the next business day;
- Provide the liquidation (foreclosure) reporting timing requirement for event-based reporting;
- Communicate the publication of data requirements for loss mitigation reporting (forbearance plans and repayment plans) and liquidation (foreclosure) reporting; and
- Communicate the availability of the data formatting technical specifications.
Revisions related to the event-based reporting changes and loan data expansion changes will be delivered incrementally (note that implementation milestones are published on Fannie Mae’s Master Servicing Simplification Changes website page) and will be communicated with further details as they become available.
Click to view the Fannie Mae Lender Letter LL-2025-02: https://www.tenaco.com/wp-content/uploads/2025/12/Fannie-Mae-Update-to-Lender-Letter-2025-02-12-17-25.pdf
