source:
  type: guide
  id: fnma-svc-e-2.1-09
  authority: Fannie Mae Servicing Guide E-2.1-09 — Identifying Workout Opportunities
  description: Fannie Mae Servicing Guide E-2.1-09 — Identifying Workout Opportunities.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-2.1-09-full
  canonical_id: fnma-svc-e-2.1-09-full
  section: Fannie Mae Servicing Guide E-2.1-09 — Identifying Workout Opportunities
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-2.1-09 — Identifying Workout Opportunities
    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-2.1-09, Identifying Workout Opportunities (11/12/2014) The
      following table provides Fannie Mae requirements for the servicer when identifying
      workout opportunities for mortgage loans in bankruptcy. Published May 13, 2026
      419 ✓ The servicer must… Work together with the law ﬁrm to pursue workout opportunities
      during all phases of the bankruptcy process. Fannie Mae reserves the right to
      request a report of the documented communication between the servicer and the
      law ﬁrm concerning workout attempts. Have the law ﬁrm contact the borrower’s
      counsel to discuss the diﬀerent workout options that might be suitable for the
      borrower, when the borrower is contractually delinquent. If the borrower is
      not represented by counsel, the law ﬁrm may contact the borrower directly. Work
      with the law ﬁrm and the borrower’s counsel to discuss details of the various
      alternatives and to select the most appropriate option. Seek approval from Fannie
      Mae and the bankruptcy court, as required, when a workout opportunity is identiﬁed.
      The particular workout option to be utilized in a given bankruptcy case will
      depend upon many factors, including, but not limited to, the following: the
      type of bankruptcy case, the stage of the bankruptcy case, local practices and
      procedures, and the particular circumstances of the borrower and the property.
      Recent Related Announcements There are no recently issued Announcements related
      to this topic.'
  judgment: false
