source:
  type: guide
  id: fnma-svc-f-1-26
  authority: Fannie Mae Servicing Guide F-1-26 — Servicing eMortgages
  description: Fannie Mae Servicing Guide F-1-26 — Servicing eMortgages.
  coverage_tier: operative
obligations:
- id: fnma-svc-f-1-26-full
  canonical_id: fnma-svc-f-1-26-full
  section: Fannie Mae Servicing Guide F-1-26 — Servicing eMortgages
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide F-1-26 — Servicing eMortgages
    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: 'F-1-26, Servicing eMortgages (11/13/2024) Introduction This
      Servicing Guide Procedure contains the following: Loan Modiﬁcations for an eMortgage
      Foreclosure, Bankruptcy or Other Legal Proceedings Reﬁnancing an eNote Using
      a New York Consolidation, Extension and Modiﬁcation Agreement (CEMA) Loan Modiﬁcations
      for an eMortgage Any modiﬁcations to an eMortgage must comply with the requirements
      in Section D2–3.2, Home Retention Workout Options for the particular Fannie
      Mae mortgage loan modiﬁcation, including but not limited to, the borrower’s
      execution and return of a copy of the Loan Modiﬁcation Agreement (Form 3179).
      The following table describes the additional steps the servicer must take when
      an eMortgage is modiﬁed. ✓ The servicer must... Update the MERS eRegistry to
      provide notice of the modiﬁcation agreement. Maintain the original modiﬁcation
      agreement in the servicing ﬁle and all associated modifying instruments. Foreclosure,
      Bankruptcy or Other Legal Proceedings The servicer must request a transfer in
      control and location in accordance with Temporary Possession by the Servicer
      in A2-1-05, Note Holder Status for Legal Proceedings Conducted in the Servicer’s
      Name. In states in which the seller/servicer must be the holder of an eNote
      prior to commencing legal action (such as foreclosure, ﬁling a Proof of Claim
      or other ﬁling, an action in a borrower’s bankruptcy proceedings or other litigation
      in connection with servicing a mortgage loan), the servicer must request a transfer
      in “Control and Location” of an eNote from Fannie Mae using the steps in the
      following table. Step Servicer Action 1. Submit a Request for Transfer of Control
      of eNotes (Form 2009e) to Fannie Mae’s Custodian Oversight Department at eMortgage_Custody@fanniemae.com
      at least three business days before the change in control and location is required.
      Published May 13, 2026 685 Step Servicer Action 2. Accept the transfer on the
      same business day the servicer receives notiﬁcation from Fannie Mae that the
      transfer has been initiated. 3. Verify that the transfer has been completed
      and that the servicer now is in the CONTROLLER ﬁeld on the MERS eRegistry and
      is also listed in the LOCATION ﬁeld. Upon conclusion or cancellation of foreclosure,
      bankruptcy or other legal proceedings, if the loan remains active, the servicer
      must initiate a timely transfer of control and location of the eNote back to
      Fannie Mae. Reﬁnancing an eNote Using a New York Consolidation, Extension and
      Modiﬁcation Agreement (CEMA) The servicer must follow the acceptable reﬁnance
      and lending practices in accordance with Chapter A2–2, Reﬁnance and Lending
      Practices. The following table describes the servicer’s responsibilities when
      performing a New York CEMA on an eNote. ✓ The servicer must... Request a change
      in Control and Location of the eNote from Fannie Mae. Print the Authoritative
      Copy of the eNote. Update the status on the eRegistry to “INACTIVE-Converted
      to Paper.” Published May 13, 2026 686 ✓ The servicer must... Attach the following
      to the printed Authoritative Copy of the eNote: • date of conversion on the
      MERS eRegistry; • the name and company of the person converting the eNote; •
      a copy of the MERS eRegistry transfer history reﬂecting the servicer as the
      ﬁnal controller of the eNote; • a statement indicating that the MERS eRegistry
      transfer history and future paper endorsements are incorporated into the Note
      as an allonge; • a copy of the MERS eRegistry transaction history reﬂecting
      the eNote has been converted into a paper-based Note; • a statement signed by
      an oﬃcer of the servicer indicating the processes and methods used in printing
      the eNote ensured ⚬ the information and signatures on the face of the printed
      eNote are a complete and accurate reproduction of those reﬂected on the face
      of the Authoritative Copy of the eNote; ⚬ the servicer, at the time of the conversion
      to paper, maintained control and possession of the eNote; ⚬ the eNote can no
      longer be transferred to a new note holder; and ⚬ the MERS eRegistry shows the
      electronic eNote has been converted to a paper-based Note; and • any other allonge
      appropriate for the Note. Ensure the paper-based eNote reﬂects it is an eNote
      that has been converted to paper and the paper-based eNote is now the original
      Note. Complete an endorsement of the converted eNote in blank and without recourse
      using the allonge. Deliver the converted (paper) eNote to the lender that is
      originating the CEMA. Note: If the servicer is also the lender originating the
      CEMA, the servicer may postpone printing the Authoritative Copy of the eNote
      and subsequent steps outlined above until after the CEMA transaction is completed.
      The servicer must still request a change in Control and Location of the eNote
      from Fannie Mae to the servicer prior to completing the CEMA transaction. The
      servicer must take the actions in the following table if the CEMA transaction
      is not completed. Published May 13, 2026 687 ✓ The servicer must... Send the
      converted (paper) eNote, that is endorsed in blank and without recourse, to
      the servicer''s document custodian within three business days of receipt of
      the Note from the CEMA lender. The communication to the document custodian must:
      • include a subject line that displays, "PAPER NOTE - CONVERTED FROM eNOTE;"
      and • indicate the converted eNote was previously maintained by Fannie Mae.
      Note: Because the document custodian may not have records or corresponding data
      for the converted eNote, the servicer must coordinate with its document custodian
      on the appropriate process for providing data and onboarding of the Note to
      its document custodian. Submit a request to remove SFC 508 (used to identify
      an eMortgage) from the mortgage loan via the post-purchase adjustment process
      (see Fannie Mae''s website for additional information). Note: When the servicer
      was also the lender originating the CEMA and has not converted the eNote to
      paper, the servicer must promptly initiate a change in the Control and Location
      of the eNote from the servicer back to Fannie Mae. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SVC-2024-06 November
      13, 2024 Announcement SVC-2023-03 May 10, 2023'
  judgment: false
