Fannie Mae issued Lender Letter LL-2026-05, updating event-based reporting and escrow reporting requirements. Per the Lender Letter, Fannie Mae:

• Incorporated policies previously communicated in Fannie Mae Lender Letter 2025-02 (updated Dec . 17, 2025), introduced additional policy requirements associated with the servicing platform transformation initiative, and reorganized certain previously communicated policies for clarity;
• Reorganized content in event-based reporting by requiring servicers to report loan-level servicing events to Fannie Mae in near real-time to enhance transparency and ensure data alignment;
• Announced that servicers will no longer be required to submit Transaction Type Reports or Loan Activity Records (LARs);
• Announced that for delinquency reporting, servicers will be able to submit multiple Servicer Action Types, Delinquency Loan Status, and Borrower Delinquency Reasons;
• Outlined servicer responsibilities related to reporting loan-level servicing events to Fannie Mae by requiring servicers to:
  • Report standardized loan-level borrower and servicer events to Fannie Mae Servicing Platform the same day as the servicing events are processed in the servicer’s systems, but no later than 3:00 a.m. eastern time on the next business day;
  • Establish a reasonable daily cut-off of its work to ensure servicing events are reported by 3 :00 a.m. eastern time on the next business day; and
  • Report a “no payment” event if a borrower payment is not received by the 22nd calendar day of the month (if the 22nd falls on a weekend or holiday, the servicing event must be reported on the preceding business day);
• Announced that the event-based reporting period will close at 5:00 p.m. eastern time on the 2nd business day of the month (any activity reported after 5 :00 p.m. eastern time on the 2nd business day of the month will be applied to the next reporting period);
• Communicated escrow reporting requirements requiring the servicer to establish initial escrow balances in the Fannie Mae Servicing Platform for all existing active and inactive mortgage loans with an escrow balance;
• Announced that after the initial escrow balance setup has been completed, the servicer must report escrow deposit and escrow disbursement events on the same day the servicing activity is processed in the servicer’s system (in accordance with the event-based reporting requirements);
• Announced that for newly acquired loans, servicers must establish escrow balances when the loan is onboarded to the Fannie Mae Servicing Platform by reporting an Escrow Setup event for each applicable escrow item category type; and
• Announced that following completion of the escrow setup, the servicer must report all subsequent escrow activity in accordance with the event-based reporting requirements.

Revisions related to escrow reporting requirements are effective December 1, 2026 (servicers, however, may begin reporting escrow events to the Fannie Mae Servicing Platform on July 18, 2026). All other revisions are effective June 23, 2026.

Click to view the Fannie Mae Lender Letter LL-2026-05: https://www.tenaco.com/wp-content/uploads/2026/06/Fannie-Mae-Lender-Letter-LL-2026-05-06-24-26.pdf