source:
  type: guide
  id: fnma-svc-f-1-16
  authority: Fannie Mae Servicing Guide F-1-16 — Processing a Repayment Plan
  description: Fannie Mae Servicing Guide F-1-16 — Processing a Repayment Plan.
  coverage_tier: operative
obligations:
- id: fnma-svc-f-1-16-full
  canonical_id: fnma-svc-f-1-16-full
  section: Fannie Mae Servicing Guide F-1-16 — Processing a Repayment Plan
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide F-1-16 — Processing a Repayment Plan
    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: 'F-1-16, Processing a Repayment Plan (05/10/2017) Introduction
      This Servicing Guide Procedure contains the following: Requesting an Extension
      of a Repayment Plan Preparing a Written Agreement or Evaluation Notice for a
      Repayment Plan Requesting an Extension of a Repayment Plan The servicer must
      obtain Fannie Mae’s prior written approval for an extension of a repayment plan
      or a repayment plan greater than 12 months in accordance with Repayment Plan
      Terms in D2-3.2-02, Repayment Plan. The servicer must send its recommendation
      along with the items listed in the following table to its Fannie Mae Servicing
      Representative (see F-4-02, List of Contacts). ✓ The servicer’s request regarding
      a repayment plan must include… A copy of the repayment plan. A complete BRP.
      Evidence of the mortgage insurer’s or guarantor’s approval of the proposed repayment
      plan, if applicable. Preparing a Written Agreement or Evaluation Notice for
      a Repayment Plan The servicer must prepare a written agreement or Evaluation
      Notice in accordance with Repayment Plan Terms in D2-3.2-02, Repayment Plan.
      Subject to compliance with applicable law, the written agreement or Evaluation
      Notice must comply with the requirements shown in the following table. Published
      May 13, 2026 619 ✓ The written agreement or Evaluation Notice must include...
      The terms of the agreement, including, as applicable: • the repayment schedule
      for making additional payment when the borrower resumes regular monthly payments,
      and the date by which the default will be cured and the mortgage loan will be
      brought current under the terms of the repayment plan. • Any other information
      as required by applicable law. A provision that permits the servicer to initiate
      or resume foreclosure if the terms of the agreement are not satisﬁed by the
      borrower. For any second lien mortgage loan, a provision for automatic termination
      of the relief plan when the ﬁrst lien mortgage loan goes into foreclosure. In
      the case of a written agreement or Evaluation Notice that is not signed by the
      borrower, unless prohibited by law, the servicer must include appropriate language
      to provide that, by making a payment under or acting in accordance with the
      terms of the agreement, the borrower is further conﬁrming the borrower’s agreement
      to the terms speciﬁed in the written agreement or Evaluation Notice. Recent
      Related Announcements There are no recently issued Announcements related to
      this topic.'
  judgment: false
