source:
  type: guide
  id: fnma-svc-e-4.4-02
  authority: Fannie Mae Servicing Guide E-4.4-02 — Remitting Property Insurance Settlement
    Proceeds or Unearned Premium Refunds
  description: Fannie Mae Servicing Guide E-4.4-02 — Remitting Property Insurance
    Settlement Proceeds or Unearned Premium Refunds.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-4.4-02-full
  canonical_id: fnma-svc-e-4.4-02-full
  section: Fannie Mae Servicing Guide E-4.4-02 — Remitting Property Insurance Settlement
    Proceeds or Unearned Premium Refunds
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-4.4-02 — Remitting Property Insurance
      Settlement Proceeds or Unearned Premium Refunds
    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-4.4-02, Remitting Property Insurance Settlement Proceeds or
      Unearned Premium Refunds (04/10/2019) After the foreclosure sale, or in applicable
      foreclosure actions where there is no foreclosure sale, after title is transferred
      by court order, the servicer must remit the insurance loss proceeds through
      the CRS. A list of special remittance codes and their uses can be found in Fannie
      Mae's CRS User Guide. When the servicer receives an unearned premium refund,
      it may either remit the refund to Fannie Mae as a special remittance or, if
      the servicer has outstanding foreclosure expenses that Fannie Mae has not reimbursed,
      the servicer may “net” the unearned premium refund out of the next request for
      expense reimbursement it submits for that mortgage loan. If, for any reason,
      a property insurance carrier refuses to return the unearned premium refund to
      the servicer, the servicer must include a comment to that when it submits its
      ﬁnal request for expense reimbursement. When the servicer requests reimbursement
      for a property insurance premium that it has advanced for an acquired property,
      Fannie Mae will calculate the amount of unearned premium refund that should
      be due. Published May 13, 2026 496 Fannie Mae will consider its calculated unearned
      premium refund amount as an unremitted refund that is still due if the servicer's
      ﬁnal request for expense reimbursement does not reﬂect the unearned premium
      refund as a credit, or the servicer does not explain why the insurance carrier
      has not sent the servicer the unearned premium refund. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SVC-2019-02 April
      10, 2019
  judgment: false
