source:
  type: guide
  id: fnma-sel-a4-1-03
  authority: Fannie Mae Selling Guide A4-1-03 — Report of Changes in the Seller/Servicer's
    Organization
  description: Fannie Mae Selling Guide A4-1-03 — Report of Changes in the Seller/Servicer's
    Organization.
  coverage_tier: operative
obligations:
- id: fnma-sel-a4-1-03-full
  canonical_id: fnma-sel-a4-1-03-full
  section: Fannie Mae Selling Guide A4-1-03 — Report of Changes in the Seller/Servicer's
    Organization
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide A4-1-03 — Report of Changes in the Seller/Servicer's
      Organization
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: A4-1-03, Report of Changes in the Seller/Servicer’s Organization
      (05/01/2024) Introduction This topic contains information on the reporting of
      changes in the seller/servicer’s organization. Published May 6, 2026 145 Report
      of Changes in the Seller/Servicer’s Organization Report of Changes in the Seller/Servicer’s
      Organization The seller/servicer must send us 60 days’ advance written notice
      of any proposed major change in its organization to allow us adequate time to
      provide our prior written approval or notice of non-objection or objection,
      where required. The written notice must include copies of any ﬁlings with, or
      approvals from, the seller/servicer’s state or other regulatory authority. The
      seller/servicer is also required to provide immediate written notice to us if
      a regulatory agency assumes a participatory role in the management of the seller/servicer’s
      operations. A seller/servicer’s failure to provide adequate written notice of
      or obtain prior written approval or notice of non- objection (where required)
      for such contemplated changes is a breach of the Lender Contract. The seller/servicer
      must contact its customer account team for additional guidance or may email
      the notice to the Changes in Lender Organization mailbox (see E-1-02, List of
      Contacts). In addition to advance written notice, major changes of the following
      types require Fannie Mae’s prior written approval of or notice of non-objection
      before the change is made. ✓ Type of Change Any mergers, consolidations, or
      reorganizations The sale of all or substantially all of the seller/servicer’s
      assets or the purchase of all or substantially all of the assets of another
      Fannie Mae-approved seller or servicer Any substantial change in ownership (including
      a new owner or partner with a 5% or more interest), regardless of whether it
      is by direct or indirect means (indirect means include any change in the ownership
      of the seller/servicer’s parent, any owner of the parent, or any other beneﬁcial
      owner of the seller/servicer that does not own a direct interest in the seller/servicer)
      A change in an organization’s legal structure or charter Other major changes
      require advance written notiﬁcation in the form of an email to the Changes in
      Lender Organization mailbox (see E-1-02, List of Contacts), but do not require
      Fannie Mae’s prior written approval or notice of non-objection. Examples of
      those types of changes are described below. ✓ Examples The change of any senior
      management personnel (including principal oﬃcers or decision makers) Published
      May 6, 2026 146 ✓ Examples A signiﬁcant change in the lender’s ﬁnancial position
      A change in the legal name of the lender’s organization A change in the address
      of its principal place of business Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2024-03 May 01, 2024
  judgment: false
