source:
  type: guide
  id: fnma-svc-d2-3.2-03
  authority: Fannie Mae Servicing Guide D2-3.2-03 — Government Mortgage Loan Modifications
  description: Fannie Mae Servicing Guide D2-3.2-03 — Government Mortgage Loan Modifications.
  coverage_tier: operative
obligations:
- id: fnma-svc-d2-3.2-03-full
  canonical_id: fnma-svc-d2-3.2-03-full
  section: Fannie Mae Servicing Guide D2-3.2-03 — Government Mortgage Loan Modifications
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide D2-3.2-03 — Government Mortgage Loan Modifications
    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: D2-3.2-03, Government Mortgage Loan Modiﬁcations (02/18/2026)
      Introduction This topic contains information on government mortgage loan modiﬁcations.
      Government Mortgage Loan Modiﬁcations Government Mortgage Loan Modiﬁcations
      Before recommending a mortgage loan modiﬁcation or extension for a government
      mortgage loan to Fannie Mae, the servicer must ﬁrst obtain the approval of the
      FHA, HUD, VA, or the RD, as applicable, using any documentation the mortgage
      insurer or guarantor requires. For an MBS mortgage loan, the servicer must ﬁrst
      determine whether the mortgage insurer or guarantor requires transfer of the
      mortgage loan to it in order to obtain the beneﬁts of the insurance or guaranty
      program, as described in the Mandatory Repurchase of Certain MBS Mortgage Loan
      requirements in A1-3-02, Fannie Mae- Initiated Repurchases, Indemniﬁcations,
      Make Whole Payment Requests and Deferred Payment Obligations. If such mandatory
      repurchase requirement does not apply, servicers must follow the requirements
      in D2-3.1-02, Conditions of a First and Second Lien Mortgage Loan Modiﬁcation
      for an MBS Mortgage Loan. After the servicer obtains all applicable approvals,
      it must prepare and fully execute the mortgage loan modiﬁcation agreement required
      by the FHA, HUD, VA or the RD or, if none is explicitly required, the Agreement
      for Modiﬁcation, Re-Amortization or Extension of a Mortgage (Form 181). The
      servicer must follow the procedures in Executing and Recording the Mortgage
      Loan Modiﬁcation Agreement in F-1-15, Processing a Government Mortgage Loan
      Modiﬁcation for executing and, if applicable, recording the mortgage loan modiﬁcation
      agreement. For a completed FHA mortgage loan modiﬁcation, the servicer must
      provide all documents to FHA in the time frame that it requires. In the event
      FHA issues a request for repayment of the incentive payment or partial claim,
      the servicer must repay the funds. Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SVC-2026-01 February 18, 2026 Published
      May 13, 2026 331
  judgment: false
