source:
  type: guide
  id: fnma-svc-e-4.5-07
  authority: Fannie Mae Servicing Guide E-4.5-07 — Filing MI Claims for RD Mortgage
    Loans
  description: Fannie Mae Servicing Guide E-4.5-07 — Filing MI Claims for RD Mortgage
    Loans.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-4.5-07-full
  canonical_id: fnma-svc-e-4.5-07-full
  section: Fannie Mae Servicing Guide E-4.5-07 — Filing MI Claims for RD Mortgage
    Loans
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-4.5-07 — Filing MI Claims for RD 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-4.5-07, Filing MI Claims for RD Mortgage Loans (11/12/2014)
      Claim ﬁling procedures for RD mortgage loans are similar for all three servicing
      options, except that the claim is ﬁled for the beneﬁt of the servicer in some
      cases and on Fannie Mae''s behalf in other cases. The following table provides
      additional details for each of the servicing options. If the mortgage loan is
      serviced under... Then the servicer... the regular servicing option or the modiﬁed
      special servicing option must purchase the mortgage loan from Fannie Mae immediately
      following the foreclosure sale and ﬁle the claim on its own behalf since it
      will be responsible for disposing of the acquired property. Note: This is also
      true for any RD mortgage loan originated under the RD Native American Pilot
      program. the special servicing option is not required to purchase the mortgage
      loan or to dispose of the acquired property, but must ﬁle the claim on Fannie
      Mae''s behalf. The servicer must follow the procedures in Filing an RD Guarantee
      Claim on Fannie Mae’s Behalf in F-1-06, Filing an MI Claim for a Liquidated
      Mortgage Loan or Acquired Property, when the claim must be ﬁled on behalf of
      Published May 13, 2026 505 Fannie Mae. The responsibility for any loss not recovered
      from RD varies depending on the servicing option and is described in the following
      table. If the mortgage loan is serviced under... Then... the regular servicing
      option, or was originated under the RD Native American Pilot program the servicer
      is fully responsible for any losses not recovered from RD. the special servicing
      option Fannie Mae will bear all losses not recovered from RD. the modiﬁed special
      servicing option Fannie Mae will reimburse the servicer for the portion of the
      allowable loss that RD does not pay. To obtain reimbursement for the diﬀerence
      between the calculated loss and RD’s actual claim payment for a modiﬁed special
      servicing option mortgage loan, the servicer must submit a request for expense
      reimbursement to Fannie Mae along with a copy of the RD claim form and notice
      of RD’ acceptance or mortgage loan modiﬁcation of the claim to Fannie Mae''s
      SF CPM division (see F-4-02, List of Contacts). Fannie Mae will not reimburse
      the servicer of a modiﬁed special servicing option RD mortgage loan for any
      additional loss it incurs because it sells the property for a net sales price
      that is less than the appraised value of the property (less RD’s allowance for
      the costs of disposing of the property). However, if the servicer''s net sales
      price is more than the property''s appraised value (less RD’s allowance for
      the costs of disposing of the property), Fannie Mae does not require the servicer
      to return the funds Fannie Mae reimbursed. Recent Related Announcements There
      are no recently issued Announcements related to this topic. Chapter E-5, Requesting
      Reimbursement for Expenses Associated with Default-Related Legal Matters Introduction
      This chapter describes requesting reimbursement for default-related expenses.
      Published May 13, 2026 506'
  judgment: false
