source:
  type: guide
  id: fnma-svc-e-3.2-04
  authority: Fannie Mae Servicing Guide E-3.2-04 — Postponing Foreclosure Referral
    for Mortgage Loans Not Secured by a Principal Residence
  description: Fannie Mae Servicing Guide E-3.2-04 — Postponing Foreclosure Referral
    for Mortgage Loans Not Secured by a Principal Residence.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-3.2-04-full
  canonical_id: fnma-svc-e-3.2-04-full
  section: Fannie Mae Servicing Guide E-3.2-04 — Postponing Foreclosure Referral for
    Mortgage Loans Not Secured by a Principal Residence
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-3.2-04 — Postponing Foreclosure Referral
      for Mortgage Loans Not Secured by a Principal Residence
    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: 'E-3.2-04, Postponing Foreclosure Referral for Mortgage Loans
      Not Secured by a Principal Residence (08/17/2016) The servicer may postpone
      foreclosure referral of property not secured by a principal residence beyond
      the 120th day of delinquency upon receipt of a complete BRP. For additional
      information regarding required referral timelines for mortgage loans secured
      by a principal residence, see E-1.2-02, Timing of the Foreclosure Referral for
      Mortgage Loans Generally. The following table provides Fannie Mae requirements
      for postponement of foreclosure referral beyond the 120th day of delinquency
      for mortgage loans not secured by a principal residence. Published May 13, 2026
      445 If… Then the servicer… a complete BRP is received must delay the foreclosure
      referral up to 30 days to complete an evaluation. the servicer makes a retention
      oﬀer to the borrower, including a Trial Period Plan, that is based on a complete
      BRP must delay the foreclosure referral up to 14 days to allow the borrower
      to respond to the oﬀer. The borrower may indicate acceptance of the oﬀer as
      follows: • verbally, • in writing (including email responses), or • by remitting
      a payment. a payment is required under the terms of a retention oﬀer that has
      been extended, including a Trial Period Plan, and the borrower indicates acceptance
      either verbally or in writing within 14 days of the date of the oﬀer must delay
      the foreclosure referral until the last day of the month in which the ﬁrst payment
      is due under the terms of the retention oﬀer. the servicer receives the ﬁrst
      payment in accordance with the terms of a Trial Period Plan must delay the foreclosure
      referral until the borrower breaches the Trial Period Plan. the servicer receives
      the ﬁrst payment in accordance with the terms of a repayment or forbearance
      plan must delay the foreclosure referral until the borrower breaches the plan.
      Verbal or written acceptance, without payment or execution of required documents,
      serves only to postpone foreclosure referral. Except for those forbearance or
      repayment plans for which a written agreement may not be required, a workout
      arrangement must not be consummated without executed documents. See E-3.4-01,
      Suspending Foreclosure Proceedings for Workout Negotiations for additional information.
      The servicer must not postpone foreclosure referral due to the review of a borrower
      inquiry. Recent Related Announcements There are no recently issued Announcements
      related to this topic. Published May 13, 2026 446'
  judgment: false
