source:
  type: guide
  id: fnma-svc-b-5-02
  authority: Fannie Mae Servicing Guide B-5-02 — Uninsured Loss Events
  description: Fannie Mae Servicing Guide B-5-02 — Uninsured Loss Events.
  coverage_tier: operative
obligations:
- id: fnma-svc-b-5-02-full
  canonical_id: fnma-svc-b-5-02-full
  section: Fannie Mae Servicing Guide B-5-02 — Uninsured Loss Events
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide B-5-02 — Uninsured Loss Events
    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: B-5-02, Uninsured Loss Events (09/09/2020) When a natural disaster
      or other event results in an uninsured loss to the property, the servicer must
      take the steps listed in the following table. Step Servicer Action 1 Determine
      the damage. Published May 13, 2026 186 Step Servicer Action 2 If the property
      is abandoned, secure it in accordance with the requirements for a property in
      foreclosure in E-3.2-12, Performing Property Preservation During Foreclosure
      Proceedings and the Property Preservation Matrix and Reference Guide. 3 Develop
      plans to repair the property. 4 Assist the borrower in ﬁling for any disaster
      relief that may be available in accordance with D1-3-01, Evaluating the Impact
      of a Disaster Event and Assisting a Borrower. 5 Evaluate the borrower for a
      workout option in accordance with Chapter D2-3, Fannie Mae’s Home Retention
      and Liquidation Workout Options, if applicable. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SVC-2020-04 September
      9, 2020 Chapter B-6, Lender-Placed Insurance Introduction This chapter describes
      the requirements related to lender-placed insurance.
  judgment: false
