source:
  type: guide
  id: fnma-svc-e-3.1-02
  authority: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior
    to Considering Foreclosure
  description: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior
    to Considering Foreclosure.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-3.1-02-full
  canonical_id: fnma-svc-e-3.1-02-full
  section: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to
    Considering Foreclosure
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior
      to Considering Foreclosure
    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-3.1-02, Performing Due Diligence Prior to Considering Foreclosure
      (11/12/2014) Performing Due Diligence Prior to Considering Foreclosure Performing
      Due Diligence Prior to Considering Foreclosure The servicer of a portfolio mortgage
      loan, a participation pool mortgage loan that Fannie Mae holds in its portfolio,
      or of 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.
      The servicer must complete the actions shown in the following table prior to
      referring a mortgage loan to foreclosure. ✓ The servicer must... Inspect the
      property and analyze the individual circumstances of the delinquency. Diligently
      investigate mortgage loans originated as investment properties and attempt to
      determine whether or not the borrower is collecting rental income from the property.
      If the servicer suspects that the property or any unit(s) of the property is
      tenant occupied, it must take appropriate action to ascertain the actual occupancy
      status of the property. This includes completing detailed property inspections
      and conducting skip tracing. Note: If the servicer learns of a change in mortgage
      loan status after referring the mortgage loan to foreclosure, the servicer must
      promptly notify the law ﬁrm of the change. Status changes include: occupancy
      status, rental income and amounts, tenant information, and lease information.
      Recent Related Announcements There are no recently issued Announcements related
      to this topic. Published May 13, 2026 440'
  judgment: false
