source:
  type: guide
  id: fnma-svc-e-4.5-03
  authority: Fannie Mae Servicing Guide E-4.5-03 — Filing MI Claims for FHA Coinsured
    Mortgage Loans
  description: Fannie Mae Servicing Guide E-4.5-03 — Filing MI Claims for FHA Coinsured
    Mortgage Loans.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-4.5-03-full
  canonical_id: fnma-svc-e-4.5-03-full
  section: Fannie Mae Servicing Guide E-4.5-03 — Filing MI Claims for FHA Coinsured
    Mortgage Loans
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-4.5-03 — Filing MI Claims for FHA Coinsured
      Mortgage Loans
    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-4.5-03, Filing MI Claims for FHA Coinsured Mortgage Loans (11/12/2014)
      After the foreclosure sale of an FHA coinsured mortgage loan, FHA expects the
      servicer to try to sell the property. However, Fannie Mae will assume the responsibility
      for marketing the property. If the property is not sold within six months after
      the foreclosure sale, the servicer must notify FHA. Procedures for ﬁling MI
      claims will vary based on whether Fannie Mae is able to sell the property within
      the six month time frame allotted by FHA. The servicer must follow the applicable
      procedure in either Filing a Claim for an Unsold FHA Coinsured Property or Filing
      a Claim for an FHA Coinsured Property that Fannie Mae Sold, in F-1-06, Filing
      an MI Claim for a Published May 13, 2026 502 Liquidated Mortgage Loan or Acquired
      Property. As soon as the servicer receives the FHA claim settlement, it must
      remit the full amount it owes Fannie Mae. If the payment is not sent to Fannie
      Mae within 15 days after it is received, Fannie Mae may impose a daily interest
      charge until it receives it. The interest charge will be calculated at the prime
      rate (as published in The Wall Street Journal’s prime rate index) that was in
      eﬀect on the ﬁrst business day of the month in which FHA transferred the funds
      to the servicer, plus 3%. The servicer must reimburse Fannie Mae for any amount
      that FHA disallows from the claim because of the servicer’s failure to comply
      with FHA’s requirements. The following table indicates the breakdown of the
      amount due to Fannie Mae depending on whether or not the property was sold.
      If the property... The servicer’s payment to Fannie Mae will represent... was
      sold and Fannie Mae has the sales proceeds in its possession • the remaining
      UPB, • debenture and mortgage loan interest included in FHA’s settlement, and
      • two-thirds of the foreclosure costs. was not sold within the allowable six
      months resulting in a claim settlement based on the appraised value of the property
      • the entire amount of the outstanding principal balance, • debenture and mortgage
      loan interest included in FHA’s settlement, and • two-thirds of the foreclosure
      costs. Recent Related Announcements There are no recently issued Announcements
      related to this topic.
  judgment: false
