source:
  type: regulation
  id: fnma-svc-c-4
  authority: "FNMA Servicing Guide C-4 — Reporting"
  description: 'Servicing Guide Chapter C-4 sets credit-bureau and IRS reporting requirements.

    '
obligations:
- id: fnma-svc-c-4-monthly-credit-bureau-reporting
  canonical_id: fnma-svc-c-4-monthly-credit-bureau-reporting
  section: "FNMA Servicing Guide C-4.1-01 — Notifying Credit Repositories"
  description: '[LENDER] must provide the status of each mortgage loan to each of the

    four major credit repositories as of the last day of each month for

    every Fannie Mae mortgage loan in [LENDER]''s portfolio or in an MBS,

    using the appropriate status codes (new originations, current,

    delinquent including forbearances/repayment plans/TPPs/modifications,

    and liquidated including short sales/Mortgage Releases/foreclosures/

    law enforcement seizures/charge offs).

    '
  type: do
  audit_question: For every Fannie Mae mortgage loan, can [LENDER] evidence monthly status reporting to all four major credit repositories as of the last day of each month, with correct status codes (origination, current, delinquency tier, workout, or liquidation)?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: monthly
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - credit-reporting
  - monthly
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide C-4.1-01
    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: Provide the status of each mortgage loan to each of the four major credit repositories as of the last
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter C-4) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:11+00:00'
  promoted_from: fnma-svc-c-4-roundb-v1.yaml
  program_review: Does the program ensure monthly status reporting to all four major credit repositories as of the last day of each month, with correct status codes (origination, current, delinquency tier including forbearance/repayment/TPP/modification, liquidation)?
  file_review: Sample loans; confirm monthly four-repository reporting as of month-end with correct status codes.
  judgment: false
- id: fnma-svc-c-4-irs-1099-filing
  canonical_id: fnma-svc-c-4-irs-1099-filing
  section: "FNMA Servicing Guide C-4.2-01 — Filing IRS Forms"
  description: '[LENDER] must file IRS Forms 1099-A and 1099-C in accordance with IRS

    requirements on Fannie Mae''s behalf for portfolio mortgage loans

    (including participation pool mortgage loans if Fannie Mae''s percentage

    ownership is 50% or greater) and for MBS mortgage loans (including

    mortgage participations if the securitized portion of the whole mortgage

    loan is 50% or greater) that are not serviced under the regular

    servicing option.

    '
  type: do
  audit_question: For every Fannie Mae portfolio or non-regular-option MBS mortgage loan, can [LENDER] evidence timely filing of IRS Forms 1099-A and 1099-C on Fannie Mae's behalf when an acquisition, abandonment, or debt cancellation event has occurred?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: annual
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - irs-reporting
  - 1099-a
  - 1099-c
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide C-4.2-01
    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: "IRS Forms 1099-A and 1099-C in accordance with IRS requirements on Fannie Mae’s behalf for"
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter C-4) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:11+00:00'
  promoted_from: fnma-svc-c-4-roundb-v1.yaml
  program_review: Does the program ensure IRS Forms 1099-A and 1099-C are filed on FNMA's behalf per IRS requirements for portfolio loans (incl. participation pools ≥50% FNMA) and non-regular-option MBS loans (incl. participations ≥50% securitized)?
  file_review: For acquisition/abandonment/cancellation events on covered loans, confirm timely 1099-A/1099-C filing on FNMA's behalf.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:25:11+00:00'
  candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-c-4-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
