Fannie Mae issued Servicing Guide Announcement SVC-2026-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified remittance requirements for loans with stop delinquency advances and temporary interest rate buydowns by removing:
- The requirement for servicers to advance guaranty fees for loans in the Stop Delinquency Advance process; and
- Outdated language referencing Fannie Mae holding temporary interest rate buydown funds as Fannie Mae does not hold such funds.
In addition, Fannie Mae updated policy and added clarification to improve clarity and consistency for Fannie Mae’s income assessment policies announced in Selling Guide Announcement SEL 2026-02.
Revisions related to clarification for remittance requirements for loans with stop delinquency advances and temporary interest rate buydowns are effective March 11, 2026. Revisions related to income assessment policy updates and clarifications are effective June 1, 2026 (servicers, however, may apply these changes immediately).
Click to view the Fannie Mae Servicing Guide Announcement 2026-02: https://www.tenaco.com/wp-content/uploads/2026/03/Fannie-Mae-Servicing-Guide-Announcement-2026-02-03-11-26.pdf
