source:
  type: guide
  id: fnma-svc-f-1-06
  authority: Fannie Mae Servicing Guide F-1-06 — Filing an MI Claim for a Liquidated
    Mortgage Loan or Acquired Property
  description: Fannie Mae Servicing Guide F-1-06 — Filing an MI Claim for a Liquidated
    Mortgage Loan or Acquired Property.
  coverage_tier: operative
obligations:
- id: fnma-svc-f-1-06-full
  canonical_id: fnma-svc-f-1-06-full
  section: Fannie Mae Servicing Guide F-1-06 — Filing an MI Claim for a Liquidated
    Mortgage Loan or Acquired Property
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide F-1-06 — Filing an MI Claim for a Liquidated
      Mortgage Loan or Acquired Property
    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: 'F-1-06, Filing an MI Claim for a Liquidated Mortgage Loan or
      Acquired Property (05/13/2026) Introduction This Servicing Guide Procedure contains
      the following: Filing an MI Claim Associated with a Short Sale or Third-Party
      Sale Filing an MI Claim for a Property Acquired through a Mortgage Release or
      Foreclosure Sale (REO) Ensuring Timely Settlement of the MI Claim for a Conventional
      Mortgage Loan Filing an MI Claim with FHA Filing an MI Claim for an FHA Mortgage
      Loan without Conveying Title to FHA Requesting an Extension from FHA for Filing
      an MI Claim Filing a Claim for an Unsold FHA Coinsured Property Filing a Claim
      for an FHA Coinsured Property that Fannie Mae Sold Filing an MI Claim for a
      Section 184 Mortgage Loan Filing a Guaranty Claim with VA Filing an RD Guarantee
      Claim on Fannie Mae’s Behalf Requesting Fannie Mae Approval for Agreements with
      Government Insurers or Guarantors Published May 13, 2026 567 Filing an MI Claim
      Associated with a Short Sale or Third-Party Sale For a mortgage loan liquidated
      via a short sale or third-party sale, the servicer must complete the actions
      listed in the following table in relation to the MI claim, in accordance with
      E-4.5-01, Filing MI Claims for Conventional Mortgage Loans or for Other Mortgage
      Loans for which Fannie Mae Bears the Risk of Loss. ✓ The servicer must... Remove
      the mortgage loan from Fannie Mae’s investor reporting system using Action Code
      71. Report the proceeds from the sale through the CRS, using the 357 receipt
      code for proceeds from a Short Sale and the 311 receipt code for proceeds from
      a Third-Party Sale. Review the MI Claims Portal Participants Exhibit to determine
      if the mortgage insurer is participating in the MICP and, if applicable, the
      mortgage insurer’s MICP participation eﬀective date, and complete the actions
      in the following table. If... Then the servicer must… The mortgage insurer participates
      in the MICP, and the liquidation date is on or after the applicable eﬀective
      date Upload to MICP all claim documents required by the MI master policy, including
      copies of the following documents, no later than 10 business days prior to the
      required claim ﬁling deadline: • the ﬁnal settlement valuation, • the property
      valuation, • the approval letter that states the terms and conditions of any
      short payoﬀ, and • any other necessary information related to the ﬁling of a
      claim or that is requested by Fannie Mae or the mortgage insurer. The mortgage
      insurer does not participate in the MICP, or the mortgage insurer is an MICP
      participant, but the liquidation date is before the applicable eﬀective date
      • File the MI claim with the mortgage insurer within 30 days after remitting
      the applicable receipt code to Fannie Mae. • Directly provide the mortgage insurer
      with a copy of the following documents: ⚬ the ﬁnal settlement valuation, ⚬ the
      property valuation ⚬ the approval letter that states the terms and conditions
      of any short payoﬀ, and ⚬ any other necessary information related to the ﬁling
      of a claim or that is requested by Fannie Mae or the mortgage insurer. Published
      May 13, 2026 568 ✓ The servicer must... Submit a ﬁnal request for expense reimbursement
      through the CRS no later than 30 days following the settlement of the third-party
      sale or short sale. Filing an MI Claim for a Property Acquired through a Mortgage
      Release or Foreclosure Sale (REO) For properties acquired through a Mortgage
      Release or foreclosure sale, the servicer must complete the actions listed in
      the following table in relation to the MI claim, in accordance with E-4.5-01,
      Filing MI Claims for Conventional Mortgage Loans or for Other Mortgage Loans
      for which Fannie Mae Bears the Risk of Loss. ✓ The servicer must... Conﬁrm the
      REOgram in accordance with Timing of the REOgram in E-4.1-01, Notifying Fannie
      Mae of an Acquired Property. Remove the mortgage loan from Fannie Mae’s investor
      reporting system with Action Code 72. Review the MI Claims Portal Participants
      Exhibit to determine if the mortgage insurer is participating in the MICP and,
      if applicable, the mortgage insurer’s MICP participation eﬀective date, and
      complete the actions in the following table. If… Then the servicer must… The
      mortgage insurer participates in the MICP, and the liquidation date is on or
      after the applicable eﬀective date Upload to MICP a copy of the valuation for
      an executed Mortgage Release and any other information related to or necessary
      for the ﬁling of a claim no later than 10 business days prior to the required
      claim ﬁling deadline. The mortgage insurer does not participate in the MICP,
      or the mortgage insurer is an MICP participant, but the liquidation date is
      before the applicable eﬀective date • File the MI claim with the mortgage insurer
      within 30 days after the settlement of the Mortgage Release or the date of the
      foreclosure sale or, in states that have redemption periods after the foreclosure
      sale, within 30 days after the redemption period expiration. • Directly provide
      the mortgage insurer with a copy of the valuation for an executed Mortgage Release
      and any other information related to or necessary for the ﬁling of a claim.
      Published May 13, 2026 569 ✓ The servicer must... Submit a ﬁnal request for
      expense reimbursement through the CRS no later than 30 days following the settlement
      of the Mortgage Release or foreclosure sale date, or, in states that have redemption
      periods, within 30 days after expiration of the redemption period. Note: In
      applicable jurisdictions, when the foreclosure is completed through a process
      under which title vests in Fannie Mae (or the servicer in appropriate cases)
      by operation of court order and there is no foreclosure sale, the servicer must
      use the date the court’s order is entered on the docket in place of the foreclosure
      sale date. Ensuring Timely Settlement of the MI Claim for a Conventional Mortgage
      Loan If the servicer ﬁles the MI claim directly with the mortgage insurer, the
      servicer must follow up with the mortgage insurer to ensure that the claim is
      settled in a timely manner in accordance with E-4.5-01, Filing MI Claims for
      Conventional Mortgage Loans or for Other Mortgage Loans for which Fannie Mae
      Bears the Risk of Loss. If Fannie Mae ﬁles the MI claim, the servicer must continue
      to monitor the MICP and inform Fannie Mae to ensure all necessary information
      is available and reﬂected accurately. Generally, the mortgage insurer is contractually
      required to pay the claim within a speciﬁed period after it receives all required
      documentation. This period is usually 60 days. If the servicer was required
      to ﬁled an MI claim directly with the mortgage insurer and Fannie Mae does not
      receive the MI claim proceeds before the end of the contractual period, Fannie
      Mae may exercise any of its remedies, including but not limited to requiring
      the servicer to advance its own funds to pay the claim amount due Fannie Mae,
      (see A1-3-02, Fannie Mae-Initiated Repurchases, Indemniﬁcations, Make Whole
      Payment Requests and Deferred Payment Obligations. Fannie Mae may ask the servicer
      to explain any delay in receiving the MI claim proceeds. The servicer must provide
      all information requested by Fannie Mae in its explanation, which may include
      but is not limited to: the date the mortgage insurer’s documentation requirements
      were met (if not met when the claim was ﬁled), the dates of any follow-up eﬀorts
      with the mortgage insurer, and the mortgage insurer’s response(s) to the servicer’s
      inquiries. Filing an MI Claim with FHA For an FHA mortgage loan, the servicer
      must complete the actions shown in the following table, in accordance with E-4.5-02,
      Filing MI Claims for FHA Mortgage Loans. Published May 13, 2026 570 ✓ The servicer
      must... Ensure the claim settlement is sent directly to Fannie Mae’s lockbox.
      To do so, the servicer must use the following Fannie Mae name and address on
      the claim form: Fannie Mae P.O. Box 98102 Washington, DC 20090 Upon Fannie Mae’s
      request, email a copy of the FHA claim payment advice letter to fnma_claims@fanniemae.com.
      Note: The servicer must send the claim payment advice letter within two business
      days after receiving the request from Fannie Mae. Analyze FHA’s claim payment
      advice letter (particularly those in which interest is curtailed or expenses
      are disallowed) to determine whether to • ﬁle a supplemental claim, or • contact
      FHA to oﬀer an explanation that will reverse the curtailment or disallowance.
      Note: Any appeal must be submitted within three months of FHA’s denial letter.
      Filing an MI Claim for an FHA Mortgage Loan without Conveying Title to FHA If
      FHA speciﬁcally directs the servicer to submit a claim without conveying the
      title to the property to HUD, the servicer must comply with all aspects of FHA’s
      claim without conveyance procedures in accordance with E-4.5-02, Filing MI Claims
      for FHA Mortgage Loans. These procedures include: providing required notices
      to FHA, bidding the amount speciﬁed by FHA, and adhering to any other request
      made by FHA. The servicer must use FHA Mortgagee Number 9500109998 when the
      claim forms require Fannie Mae’s FHA Mortgagee Number. Requesting an Extension
      from FHA for Filing an MI Claim If the servicer cannot convey title to FHA,
      submit the required title evidence or ﬁscal data, or ﬁle a supplemental claim
      within the time frames FHA allows, it must send aMortgagee’s Request for Extensions
      of Time (Form HUD 50012) to its local HUD oﬃce in accordance with E-4.5-02,
      Filing MI Claims for FHA Mortgage Loans. The request must include the information
      shown in the following table. Published May 13, 2026 571 ✓ The servicer must...
      Provide a valid reason for requesting the extension. Deﬁne the circumstances
      that prevent the servicer from taking the timely action. Mail the form at least
      10 days before the allowable time period has elapsed. Filing a Claim for an
      Unsold FHA Coinsured Property In accordance with E-4.5-03, Filing MI Claims
      for FHA Coinsured Mortgage Loans, if the property secured by an FHA coinsured
      mortgage loan is not sold within six months of the foreclosure, the servicer
      must notify FHA before the expiration of this period. FHA will then arrange
      for an independent appraisal to determine the value of the property for claim
      purposes. The servicer must complete the actions shown in the following table.
      ✓ The servicer must... File the MI claim within 15 days after receiving FHA’s
      notice of the appraised value of the property. Send Fannie Mae a deed and any
      other documents necessary to convey title from Fannie Mae to the servicer. Fannie
      Mae will return the executed documents to the servicer for recordation. Filing
      a Claim for an FHA Coinsured Property that Fannie Mae Sold If Fannie Mae is
      able to sell the property within six months after the foreclosure sale, Fannie
      Mae will notify the seller as soon as the sales contract has been ﬁnalized.
      The servicer must adhere to FHA’s procedures shown in the following table, in
      accordance with E-4.5-03, Filing MI Claims for FHA Coinsured Mortgage Loans.
      ✓ The servicer must... File a Single-Family Application for Insurance Beneﬁts
      (HUD Form 27011) with FHA within 15 days after the new mortgage loan is closed.
      Upon Fannie Mae’s request, email a copy of the FHA claim payment advice letter
      to fnma_claims@fanniemae.com. Note: The servicer must send the claim payment
      advice letter within two business days after receiving the request from Fannie
      Mae. Published May 13, 2026 572 Filing an MI Claim for a Section 184 Mortgage
      Loan For properties secured by HUD Section 184 mortgage loans, the servicer
      must follow the procedures in the following table, in accordance with E-4.5-05,
      Filing MI Claims for HUD Section 184 Mortgage Loans. ✓ The servicer must...
      Instruct HUD to send the proceeds to Fannie Mae P.O. Box 98102 Washington, DC
      20090 Submit a request for expense reimbursement after ﬁling the claim to request
      reimbursement for any HUD-authorized fees and expenses that it advanced. Upon
      Fannie Mae’s request, email a copy of the HUD claim payment advice letter to
      fnma_claims@fanniemae.com. Note: The servicer must send the claim payment advice
      letter within two business days after receiving the request from Fannie Mae.
      Filing a Guaranty Claim with VA In accordance with E-4.5-06, Filing MI Claims
      for VA Mortgage Loans, the servicer must follow the procedures shown in the
      following table. ✓ The servicer must... Ensure the claim settlement is sent
      directly to Fannie Mae’s lockbox. To do so, use the following Fannie Mae name
      and address on the claim form and on the billing for the “upset price.” Fannie
      Mae P.O. Box 277672 Atlanta, GA 30384–7672 Within two business days after ﬁling
      the guaranty claim, email a copy of the VA guaranty claim payment advice letter
      to fnma_claims@fanniemae.com. Filing an RD Guarantee Claim on Fannie Mae’s Behalf
      In accordance with E-4.5-07, Filing MI Claims for RD Mortgage Loans, the servicer
      must adhere to the requirements set forth in the following table. Published
      May 13, 2026 573 ✓ The servicer must... Ensure the claim settlement is sent
      directly to Fannie Mae’s lockbox. To do so, use the following Fannie Mae name
      and address on the claim form and on the billing for the “upset price.” Fannie
      Mae P.O. Box 277672 Atlanta, GA 30384–7672 Upon Fannie Mae’s request, email
      a copy of the RD guarantee claim payment advice letter to fnma_claims@fanniemae.com.
      Note: The servicer must send the claim payment advice letter within two business
      days of receiving the request from Fannie Mae. Requesting Fannie Mae Approval
      for Agreements with Government Insurers or Guarantors The servicer must not
      enter into any agreement with insurers or guarantors that has the potential
      to modify loss claim settlements under the terms of the guaranty or insurance
      contract in accordance with Selling Guide A3-2-01, Compliance with Laws. Prior
      to entering into an agreement that may potentially impact loss claim settlements
      under an insurance contract or guaranty, the servicer must submit a request
      for Fannie Mae''s written approval to Fannie Mae''s SF CPM Division (see F-4-02,
      List of Contacts). ✓ The approval request must include... One of the following
      in the subject line, as appropriate: • Servicing Agreement Review - FHA • Servicing
      Agreement Review - FHA (Reverse Mortgage) • Servicing Agreement Review - HUD
      • Servicing Agreement Review - RD • Servicing Agreement Review - VA All details
      of the proposed agreement, including the proposed eﬀective date and complete
      terms of the agreement. Contact information to communicate Fannie Mae’s decision.
      Recent Related Announcements The table below provides references to recently
      issued Announcements that are related to this topic. Published May 13, 2026
      574 Announcements Issue Date Announcement SVC-2026-04 May 13, 2026 Announcement
      SVC-2025-02 April 09, 2025 Announcement SVC-2021-04 July 14, 2021 Announcement
      SVC-2019-02 April 10, 2019'
  judgment: false
