source:
  type: guide
  id: fnma-svc-e-3.2-15
  authority: Fannie Mae Servicing Guide E-3.2-15 — Allowable Time Frames for Completing
    Foreclosure
  description: Fannie Mae Servicing Guide E-3.2-15 — Allowable Time Frames for Completing
    Foreclosure.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-3.2-15-full
  canonical_id: fnma-svc-e-3.2-15-full
  section: Fannie Mae Servicing Guide E-3.2-15 — Allowable Time Frames for Completing
    Foreclosure
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-3.2-15 — Allowable Time Frames for Completing
      Foreclosure
    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-3.2-15, Allowable Time Frames for Completing Foreclosure (07/09/2025)
      Fannie Mae has established time frames within which it expects routine foreclosure
      proceedings to be completed. See the Foreclosure Time Frames and Compensatory
      Fee Allowable Delays Exhibit for the maximum number of allowable days within
      which routine foreclosure proceedings are to be completed. The maximum number
      of allowable days denotes the maximum allowable time lapse between the due date
      of the LPI and the completion of the foreclosure sale; represents the time typically
      required for routine, uncontested foreclosure proceedings; reﬂects the legal
      requirements of the applicable jurisdiction; and takes into consideration delays
      that may occur outside of the control of the servicer. Published May 13, 2026
      458 If the number of actual days to complete the foreclosure proceedings exceeds
      the maximum number of allowable days, and no reasonable explanation for the
      delay is provided to Fannie Mae through monthly delinquency status reporting
      or other information exchange protocols, Fannie Mae will require the servicer
      to pay a compensatory fee as outlined in A1-4.2-02, Compensatory Fees for Delays
      in the Liquidation Process. Examples of reasonable explanations for delays include,
      but are not limited to, the following: bankruptcy; probate; military indulgence;
      contested foreclosure; the mortgage loan is currently in review for a mortgage
      loan modiﬁcation; the mortgage loan is in an active workout option; recent legislative,
      administrative, or judicial changes to existing state foreclosure laws, provided
      that the servicer is diligently working toward resolution of the delay to the
      extent feasible; the mortgage loan has been in forbearance; or part of the foreclosure
      proceeding time frame was during the COVID-19 Foreclosure Moratorium. Fannie
      Mae will not impose compensatory fees for delays beyond the control of the servicer,
      provided that the delinquency status codes and any other information reported
      by the servicer on the loan are timely and accurate. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SVC-2025-04 July
      09, 2025 Section E-3.3, Preparing for the Foreclosure Sale'
  judgment: false
