source:
  type: guide
  id: fnma-svc-e-3.5-01
  authority: Fannie Mae Servicing Guide E-3.5-01 — Foreclosure of a Property Securing
    an MBS Mortgage Loan
  description: Fannie Mae Servicing Guide E-3.5-01 — Foreclosure of a Property Securing
    an MBS Mortgage Loan.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-3.5-01-full
  canonical_id: fnma-svc-e-3.5-01-full
  section: Fannie Mae Servicing Guide E-3.5-01 — Foreclosure of a Property Securing
    an MBS Mortgage Loan
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-3.5-01 — Foreclosure of a Property Securing
      an MBS Mortgage Loan
    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-3.5-01, Foreclosure of a Property Securing an MBS Mortgage
      Loan (10/13/2021) The servicer of an MBS mortgage loan must ensure that the
      mortgage loan is removed from the MBS pool prior Published May 13, 2026 479
      to completion of the foreclosure. For additional information on reclassifying
      or repurchasing MBS mortgage loans in foreclosure, see Mandatory Repurchase
      of Certain MBS Mortgage Loans in A1-3-02, Fannie Mae- Initiated Repurchases,
      Indemniﬁcations, Make Whole Payment Requests and Deferred Payment Obligations,
      A1-3-01, Requirements for Voluntary Repurchase, and A1-3-06, Automatic Reclassiﬁcation
      of MBS Mortgage Loans. Recent Related Announcements The table below provides
      references to recently issued Announcements that are related to this topic.
      Announcements Issue Date Announcement SVC-2021-07 October 13, 2021 Announcement
      SVC-2021-01 January 20, 2021 Announcement SVC-2019-02 April 10, 2019
  judgment: false
