source:
  type: guide
  id: fnma-svc-e-2.3-05
  authority: Fannie Mae Servicing Guide E-2.3-05 — Bankruptcies Involving Multiple
    Fannie Mae Mortgage Loans
  description: Fannie Mae Servicing Guide E-2.3-05 — Bankruptcies Involving Multiple
    Fannie Mae Mortgage Loans.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-2.3-05-full
  canonical_id: fnma-svc-e-2.3-05-full
  section: Fannie Mae Servicing Guide E-2.3-05 — Bankruptcies Involving Multiple Fannie
    Mae Mortgage Loans
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-2.3-05 — Bankruptcies Involving Multiple
      Fannie Mae Mortgage Loans
    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-2.3-05, Bankruptcies Involving Multiple Fannie Mae Mortgage
      Loans (11/12/2014) Before referring a case to a law ﬁrm, the servicer must make
      a reasonable eﬀort to determine whether the borrower has any other outstanding
      mortgage debts on other real property included in the bankruptcy estate. One
      way of doing this is to order a credit report for the borrower to see if any
      other mortgage debts appear on the report. If such debts exist, the servicer
      must try to identify the servicers of the other mortgage loans and initiate
      contact with them to determine whether Fannie Mae also has an interest in those
      mortgage loans. In any instance in which Fannie Mae has an interest in more
      than one mortgage loan for which the security property is part of the same borrower’s
      bankruptcy estate, the servicer must abide by the instructions presented in
      the following table. ✓ The servicer must… Coordinate its eﬀorts with those of
      the other servicers and/or the law ﬁrms to which the other servicers have referred
      the mortgage loans. Have the same law ﬁrm handle the proceedings for all of
      the mortgage loans, whenever possible. If not possible, the servicers must emphasize
      to the individual law ﬁrms to which they have referred the mortgage loans the
      need to work closely with the other law ﬁrm(s) involved to ensure that Fannie
      Mae’s interests are adequately protected. Recent Related Announcements There
      are no recently issued Announcements related to this topic. Published May 13,
      2026 436
  judgment: false
