source:
  type: regulation
  id: fnma-svc-e-3
  authority: "FNMA Servicing Guide E-3 — Managing Foreclosure Proceedings"
  description: 'Servicing Guide Chapter E-3 governs the servicer''s foreclosure proceedings including pre-foreclosure workout-option due diligence and 15-day pre-referral review.

    '
obligations:
- id: fnma-svc-e-3-pre-foreclosure-workout-diligence
  canonical_id: fnma-svc-e-3-pre-foreclosure-workout-diligence
  section: "FNMA Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure"
  description: '[LENDER], as servicer of a portfolio mortgage loan, a participation

    pool mortgage loan that Fannie Mae holds in its portfolio, or a special

    servicing option MBS loan, must protect Fannie Mae''s investment by

    making every reasonable effort to cure the delinquency through Fannie

    Mae''s various workout options before referring a mortgage loan for

    foreclosure proceedings.

    '
  type: do
  audit_question: For every Fannie Mae portfolio / participation pool / special-servicing-option MBS mortgage loan referred to foreclosure, can [LENDER] evidence every reasonable effort was made to cure the delinquency through Fannie Mae's available workout options prior to the foreclosure referral?
  workflow_phase: servicing
  owner_role: foreclosure_specialist
  secondary_owner_role: loss_mitigation_specialist
  cadence: per-default-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - foreclosure
  - pre-referral-diligence
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide E-3.1-02
    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: "portfolio, or of a special servicing option MBS loan, must protect Fannie Mae’s investment by making every"
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-3) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:13+00:00'
  promoted_from: fnma-svc-e-3-roundb-v1.yaml
  program_review: Does the program ensure every reasonable effort to cure via FNMA workout options is made before referring a portfolio / participation-pool / special-servicing-option MBS loan to foreclosure?
  file_review: For foreclosure-referred loans, review the file/notes; the compliance person judges whether every reasonable workout effort preceded referral.
  judgment: true
  feeds:
  - fnma-svc-e-3-15-day-prereferral-review
- id: fnma-svc-e-3-15-day-prereferral-review
  canonical_id: fnma-svc-e-3-15-day-prereferral-review
  section: "FNMA Servicing Guide E-3.2-01 — Conducting Prereferral Review"
  description: '[LENDER] must perform a prereferral review of the mortgage loan within

    15 days prior to the date [LENDER] is required to refer the mortgage

    loan to foreclosure. Before the review, the breach or acceleration

    letter and the Borrower Solicitation Package deadline must have

    expired without affirmative response from the borrower.

    '
  type: do
  audit_question: For every Fannie Mae mortgage loan referred to foreclosure, can [LENDER] evidence a prereferral review completed within 15 days prior to the required referral date, with documentation that the breach/acceleration letter and the Borrower Solicitation Package deadline both expired without affirmative borrower response?
  workflow_phase: servicing
  owner_role: foreclosure_specialist
  secondary_owner_role: default_servicing_analyst
  cadence: per-default-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - foreclosure
  - prereferral-review
  - 15-day
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide E-3.2-01
    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: The servicer must perform a prereferral review of the mortgage loan within 15 days prior to the date the
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-3) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:13+00:00'
  promoted_from: fnma-svc-e-3-roundb-v1.yaml
  program_review: Does the program ensure a prereferral review within 15 days before the required referral date, after the breach/acceleration letter and Borrower Solicitation Package deadline have expired without affirmative borrower response?
  file_review: For referred loans, confirm a prereferral review within 15 days of the required referral date with documentation that the breach/acceleration letter and Borrower Solicitation Package deadline expired without affirmative response.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:25:13+00:00'
  candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-e-3-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
