source:
  type: guide
  id: fnma-svc-d2-3.4-03
  authority: Fannie Mae Servicing Guide D2-3.4-03 — Assignment of a Mortgage Loan
    to the Insurer or Guarantor
  description: Fannie Mae Servicing Guide D2-3.4-03 — Assignment of a Mortgage Loan
    to the Insurer or Guarantor.
  coverage_tier: operative
obligations:
- id: fnma-svc-d2-3.4-03-full
  canonical_id: fnma-svc-d2-3.4-03-full
  section: Fannie Mae Servicing Guide D2-3.4-03 — Assignment of a Mortgage Loan to
    the Insurer or Guarantor
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide D2-3.4-03 — Assignment of a Mortgage Loan
      to the Insurer or Guarantor
    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: 'D2-3.4-03, Assignment of a Mortgage Loan to the Insurer or Guarantor
      (11/12/2014) Introduction This topic contains the following: Assignment of a
      Conventional Mortgage Loan to the Mortgage Insurer Assignment of a HUD or VA
      Mortgage Loan to the Insurer or Guarantor Assignment of a Conventional Mortgage
      Loan to the Mortgage Insurer If the mortgage insurer exercises a right under
      the master policy to acquire a delinquent conventional ﬁrst lien mortgage loan,
      the servicer must assign the mortgage loan to the mortgage insurer and take
      whatever action is necessary to obtain payment under the insurance policy. If
      the mortgage insurer instructs the servicer to assign an insured delinquent
      second lien conventional mortgage loan to it rather than continuing the foreclosure
      process, the servicer must prepare the necessary legal documents to assign the
      second lien mortgage loan and ﬁle a claim under the insurance contract. See
      the Investor Reporting Manual for reporting the assignment to Fannie Mae. Assignment
      of a HUD or VA Mortgage Loan to the Insurer or Guarantor If the mortgage insurer
      or guarantor exercises its right under the policy to acquire a delinquent government
      mortgage loan or an assignment is the only way to liquidate a mortgage loan,
      the servicer must assign the mortgage loan to the insurer or guarantor and take
      required follow-up actions in compliance with applicable regulations and procedures,
      ﬁle a claim with the insurer or guarantor, and report the assignment to Fannie
      Mae. See the Investor Reporting Manual for reporting the assignment to Fannie
      Mae. Fannie Mae will hold the servicer accountable for any loss Fannie Mae incurs
      because it failed to assign a VA- guaranteed mortgage loan for refunding when
      the VA instructed it to do so. Recent Related Announcements There are no recently
      issued Announcements related to this topic. Published May 13, 2026 392'
  judgment: false
