source:
  type: guide
  id: fnma-svc-e-2.3-04
  authority: Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage
    Loans Secured by Investment Properties
  description: Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage
    Loans Secured by Investment Properties.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-2.3-04-full
  canonical_id: fnma-svc-e-2.3-04-full
  section: Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage Loans
    Secured by Investment Properties
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-2.3-04 — Bankruptcies Involving Mortgage
      Loans Secured by Investment Properties
    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-2.3-04, Bankruptcies Involving Mortgage Loans Secured by Investment
      Properties (11/12/2014) The servicer must ask the law ﬁrm to conﬁrm that the
      security instrument includes an assignment of rents provision when it refers
      a bankruptcy case that involves an investment property. If an assignment of
      rents Published May 13, 2026 435 provision is included, the servicer must ensure
      the law ﬁrm ﬁles a Motion for Sequestration of Rental Income to prohibit the
      borrower from using any rental income without the bankruptcy court’s permission.
      Recent Related Announcements There are no recently issued Announcements related
      to this topic.
  judgment: false
