source:
  type: guide
  id: fnma-svc-e-4.1-01
  authority: Fannie Mae Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired
    Property
  description: Fannie Mae Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired
    Property.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-4.1-01-full
  canonical_id: fnma-svc-e-4.1-01-full
  section: Fannie Mae Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired
    Property
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired
      Property
    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-4.1-01, Notifying Fannie Mae of an Acquired Property (05/10/2023)
      Introduction This topic contains the following: Overview Timing and Conﬁrmation
      of the REOgram Review and Conﬁrmation of the REOgram Monitoring the Status of
      Acquired Properties Overview Once the foreclosure sale is held and the property
      acquired, or a Mortgage Release has been executed, the servicer must notify
      Fannie Mae about the property acquisition. Two diﬀerent notiﬁcations are required:
      the notice via conﬁrmation (REOgram) that Fannie Mae has an acquired property
      to dispose of, and the notice of the removal status code that is part of the
      regular investor reporting process. See Reporting a Mortgage Release to Fannie
      Mae in F-1-22, Reporting a Workout Option via Fannie Mae’s Servicing Solutions
      System, as well as Reporting a Mortgage Loan Liquidation to Fannie Mae in Fannie
      Mae’s Investor Reporting Manual for additional information. Unless otherwise
      directed by Fannie Mae, a special servicing option MBS mortgage loan that has
      been referred Published May 13, 2026 482 to foreclosure or a reported Mortgage
      Release will be removed from the MBS pool (see A1-3-06, Automatic Reclassiﬁcation
      of MBS Mortgage Loans). Timing and Conﬁrmation of the REOgram Within one business
      day upon receipt of the daily REOgram notiﬁcation from Property 360 for any
      REO property acquired through foreclosure sale or the servicer accepts the executed
      Mortgage Release, the servicer must review and conﬁrm the REOgram notiﬁcation
      in Property 360 for the following mortgage loans: all conventional mortgage
      loans; and any special servicing option RD mortgage loans, even though Fannie
      Mae may not gain clear title to the property until after expiration of any redemption
      period. The servicer must review and resolve any exceptions from the daily notiﬁcation
      in Property 360 no later than three business days, if applicable. Note: In applicable
      jurisdictions, when the foreclosure is completed through a process under which
      title vests in Fannie Mae (or the servicer in appropriate cases) by operation
      of court order and there is no foreclosure sale, the servicer must review and
      conﬁrm the REOgram within one business day of when the court’s order is entered
      on the docket. Fannie Mae may charge the servicer a compensatory fee for each
      day it is late in conﬁrmation of the REOgram unless it determines there is a
      reasonable explanation for the delay as described in A1-4.2-02, Compensatory
      Fees for Delays in the Liquidation Process. Fannie Mae also may exercise any
      other available and appropriate remedies for late notiﬁcations. Review and Conﬁrmation
      of the REOgram The servicer must review and conﬁrm the REOgram utilizing Property
      360 (see F-4-01, References to Fannie Mae''s Website in accordance with Timing
      of the REOgram in E-4.1-01, Notifying Fannie Mae of an Acquired Property. With
      respect to all resale restrictions, the servicer represents and warrants that
      upon REOgram conﬁrmation and transfer of the property to Fannie Mae, all required
      notices have been given in an appropriate manner, and that the foreclosure or
      Mortgage Release complies with the requirements of the applicable resale restriction
      agreement or shared equity transaction agreement. With respect to resale restrictions
      that do not survive foreclosure or acceptance of a Mortgage Release, or the
      expiration of any applicable redemption period, the servicer represents and
      warrants that all actions necessary to terminate the resale restrictions have
      been taken. Monitoring the Status of Acquired Properties After the servicer
      reviews and conﬁrms an REOgram to Fannie Mae, it must monitor the property''s
      status and ensure that it ﬁles its request for expense reimbursement in a timely
      manner, in accordance with the requirements and timeframes set forth in E-5-01,
      Requesting Reimbursement for Expenses. Recent Related Announcements Published
      May 13, 2026 483 The table below provides references to recently issued Announcements
      that are related to this topic. Announcements Issue Date Announcement SVC-2023-03
      May 10, 2023 Announcement SVC-2021-04 July 14, 2021 Announcement SVC-2021-01
      January 20, 2021 Announcement SVC-2019-02 April 10, 2019'
  judgment: false
