source:
  type: guide
  id: fnma-svc-a1-2-01
  authority: Fannie Mae Servicing Guide A1-2-01 — Servicer's Termination of the Lender
    Contract
  description: Fannie Mae Servicing Guide A1-2-01 — Servicer's Termination of the
    Lender Contract.
  coverage_tier: operative
obligations:
- id: fnma-svc-a1-2-01-full
  canonical_id: fnma-svc-a1-2-01-full
  section: Fannie Mae Servicing Guide A1-2-01 — Servicer's Termination of the Lender
    Contract
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide A1-2-01 — Servicer's Termination of the
      Lender Contract
    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: A1-2-01, Servicer’s Termination of the Lender Contract (11/12/2014)
      The servicer or Fannie Mae may terminate the servicing arrangement without cause.
      By giving Fannie Mae advance written notice, the servicer may terminate its
      contractual rights to the servicing of all Fannie Mae mortgage loans and MBS
      pools or participation interests in mortgage loans for all of the mortgage loans
      and MBS pools it is servicing without providing for a transferee servicer to
      assume the servicing obligations, responsibilities, and liabilities. However,
      when the servicer elects to terminate its contractual rights to the servicing
      of mortgage loans or participation interest in mortgage loans, the servicer
      is responsible for all reasonable and customary costs and expenses related to
      the transfer of servicing in connection with a termination. The servicer’s termination
      of its servicing arrangement does not release it from any of its responsibilities
      or liabilities related to speciﬁc mortgage loans and MBS pools that Fannie Mae
      purchased or securitized (or contracted to purchase or securitize) before the
      termination, unless Fannie Mae expressly agrees in writing to release the servicer
      from those responsibilities or liabilities. The termination will become eﬀective
      on the last business day of the third month following the month in which the
      notice is given. Absent Fannie Mae’s written agreement, the servicer may not
      terminate its servicing rights for less than all of the mortgage loans or participation
      interests in mortgage loans that it is servicing for Fannie Mae. Recent Related
      Announcements There are no recently issued Announcements related to this topic.
  judgment: false
