source:
  type: regulation
  id: fnma-svc-b-2
  authority: "FNMA Servicing Guide B-2 — Property Insurance Requirements"
  description: 'Servicing Guide Chapter B-2 sets the servicer''s property-insurance responsibilities including continuous coverage and annual verification.

    '
obligations:
- id: fnma-svc-b-2-continuous-property-insurance
  canonical_id: fnma-svc-b-2-continuous-property-insurance
  section: "FNMA Servicing Guide B-2-01 — Property Insurance Requirements Applicable to All Property Types"
  description: '[LENDER] must have policies and procedures in place to ensure that

    required property insurance is continuously maintained on the subject

    property for all first lien mortgage loans owned or securitized by

    Fannie Mae.

    '
  type: do
  audit_question: Can [LENDER] evidence written policies and procedures (and operational execution) sufficient to ensure required property insurance is continuously maintained on every first-lien Fannie Mae mortgage loan?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: insurance_specialist
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - property-insurance
  - continuous-coverage
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide B-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 have policies and procedures in place to ensure that required property insurance is

      continuously maintained on the subject property.'
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-2) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:09+00:00'
  promoted_from: fnma-svc-b-2-roundb-v1.yaml
  program_review: Does the program have policies/procedures ensuring required property insurance is continuously maintained on every first-lien FNMA loan?
  file_review: Sample first-lien loans; confirm continuous property-insurance coverage via the policy/procedure controls.
  judgment: false
  feeds:
  - fnma-svc-b-2-annual-coverage-verification
- id: fnma-svc-b-2-annual-coverage-verification
  canonical_id: fnma-svc-b-2-annual-coverage-verification
  section: "FNMA Servicing Guide B-2-01 — Property Insurance Requirements Applicable to All Property Types"
  description: '[LENDER] must verify at least annually that the selected insurer, policy

    amount and type of coverage meet Fannie Mae''s requirements as described

    in Selling Guide B7-3, Property and Flood Insurance.

    '
  type: do
  audit_question: For every first-lien Fannie Mae mortgage loan, can [LENDER] evidence an annual verification that the insurer, policy amount, and type of property coverage meet Fannie Mae's requirements under Selling Guide B7-3?
  workflow_phase: servicing
  owner_role: escrow_analyst
  secondary_owner_role: insurance_specialist
  cadence: annual
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - property-insurance
  - annual-verification
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide B-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: "Verify at least annually that the selected insurer, policy amount and type of coverage meet Fannie\nMae’s requirements as described in Selling Guide B7-3, Property and Flood Insurance."
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-2) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:09+00:00'
  promoted_from: fnma-svc-b-2-roundb-v1.yaml
  program_review: Does the program ensure at-least-annual verification that the insurer, policy amount, and coverage type meet FNMA requirements (Selling Guide B7-3)?
  file_review: For first-lien loans, confirm an annual verification of insurer/amount/type against Selling Guide B7-3.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:25:09+00:00'
  candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-b-2-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
