source:
  type: guide
  id: fnma-sel-b8-6-01
  authority: Fannie Mae Selling Guide B8-6-01 — Authorized Use of Intervening and
    Blanket Assignments
  description: Fannie Mae Selling Guide B8-6-01 — Authorized Use of Intervening and
    Blanket Assignments.
  coverage_tier: operative
obligations:
- id: fnma-sel-b8-6-01-full
  canonical_id: fnma-sel-b8-6-01-full
  section: Fannie Mae Selling Guide B8-6-01 — Authorized Use of Intervening and Blanket
    Assignments
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B8-6-01 — Authorized Use of Intervening and
      Blanket Assignments
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B8-6-01, Authorized Use of Intervening and Blanket Assignments
      (05/04/2022) Introduction This topic contains information on the authorized
      use of intervening and blanket assignments, including: Intervening Assignments
      Blanket Assignments Special Provision for Puerto Rico Intervening Assignments
      If the originating lender is not servicing the loan at the time of the sale
      to Fannie Mae, then unless the loan has been registered with MERS or the loan
      is secured by a property in Puerto Rico, the seller of the loan must cause to
      be recorded one or more intervening assignments of mortgage to ensure there
      are eﬀective mortgage assignment(s) from the originating lender to the servicer.
      Copies of all such assignments must be retained in the loan ﬁle. Blanket Assignments
      Lenders may use blanket assignments for any intervening assignments that take
      place before the mortgage is sold to Fannie Mae, as long as this type of assignment
      is acceptable to the applicable recording jurisdiction (blanket assignments
      are assignments that cover more than one mortgage). Each blanket assignment
      must relate to a single recording jurisdiction. The lender may be required to
      indemnify Fannie Mae (as described in A2-1-03, Indemniﬁcation for Losses), for
      any losses incurred by Fannie Mae due to the lender’s failure to obtain, record
      (if applicable), and retain the necessary intervening assignments. Alternatively,
      Fannie Mae may require the lender to repurchase the mortgage or the security
      property. Special Provision for Puerto Rico Assignments of mortgages generally
      are not recordable in Puerto Rico. Therefore, no intervening assignments need
      to be prepared, recorded, or retained in the individual mortgage loan ﬁle. Recent
      Related Announcements The table below provides references to recently issued
      Announcements that are related to this topic. Published May 6, 2026 914 Announcements
      Issue Date Announcement SEL-2022-04 May 04, 2022 Announcement SEL-2019-09 December
      04, 2019 Chapter B8-7, Mortgage Electronic Registration System (MERS) Introduction
      This chapter provides information related to mortgage loans registered with
      MERS. B8-7-01, Mortgage Electronic Registration Systems (MERS), Inc. (05/01/2024)
      Introduction The MERS system is an electronic system that assists in the tracking
      of loans, servicing rights, and security interests. To initiate the electronic
      tracking, the seller/servicer assigns a special MERS Mortgage Identiﬁcation
      Number (MIN) to the loan and registers it in MERS. This topic contains information
      about MERS, including: Naming MERS as the Nominee for the Beneﬁciary in the
      Security Instrument Requirements for the Use of MERS in Speciﬁed Geographic
      Areas MERS Registration Use of the MIN Mortgage Assignment to MERS Termination
      of MERS Naming MERS as the Nominee for the Beneﬁciary in the Security Instrument
      A seller/servicer that wants to register a newly originated loan with MERS may
      prefer to designate MERS as the nominee for the beneﬁciary in the security instrument.
      Doing so, eliminates the need for a subsequent assignment of the security instrument
      should the seller/servicer sell (or transfer servicing of) the loan to another
      seller/servicer that is a member of MERS. In such cases, the applicable security
      instrument must be modiﬁed to: Published May 6, 2026 915 show MERS as the nominee
      for the seller/servicer, deﬁne and name the originating seller/servicer, and
      obtain the borrower’s acknowledgment of MERS’ role in the mortgage transaction.
      If the seller/servicer encounters a situation where Fannie Mae is the owner
      of record for a loan because the original assignment of the loan to Fannie Mae
      was recorded in the public records, the seller/servicer must correct the error
      before it completes the MERS registration by: preparing an assignment of the
      loan from Fannie Mae to MERS, sending the assignment to Fannie Mae for execution,
      and recording the assignment in the public records. Changes that must be made
      to create a standard MERS security instrument for each jurisdiction may be found
      in the Instructions document for each state-speciﬁc security instrument (see
      Fannie Mae''s Legal Documents website), with the exception of loans secured
      by property located in certain geographic areas, as described below. The seller/servicer
      is responsible for the accurate and timely preparation and recordation of the
      security instrument and any MERS-related documents required to be used in speciﬁc
      geographic areas. Sellers/servicers must also take all reasonable steps to ensure
      that information pertaining to MERS is updated and accurate at all times. Even
      when MERS is named as the nominee for the beneﬁciary in the security instrument,
      it has no beneﬁcial interest in the mortgage. All actions that MERS takes with
      respect to a loan are based on the instructions initiated by the originating
      seller, Fannie Mae, or the servicer. The originating seller remains responsible
      for all of its Contractual Obligations and any liability that it or Fannie Mae
      incurs as a result of the MERS registration, any MERS transaction, or the failure
      of MERS to perform any obligation with respect to a MERS-registered loan. In
      addition, the seller/servicer is solely responsible for any failure to comply
      with the provisions of its MERS Member Agreement, Rules, and Procedures. Requirements
      for the Use of MERS in Speciﬁed Geographic Areas MERS Rider In the states listed
      below, sellers/servicers must use the Mortgage Electronic Registration Systems,
      Inc. Rider (MERS Rider) (Form 3158) when a newly originated loan will be registered
      with MERS. Sellers/servicers must also follow the Instructions to the MERS Rider
      and the applicable security instruments to make changes to the standard security
      instruments for the following states: Montana, Oregon, and Washington. As the
      MERS Rider must be used in these speciﬁed states, post-closing assignments to
      MERS are prohibited. MERS Assignment Form - Maine Published May 6, 2026 916
      In the state of Maine, sellers/servicers must use the MERS Mortgage Assignment
      (Form 3749) to assign loans to MERS at origination or post-closing, as applicable.
      Loans in which the Maine security instrument has been modiﬁed to name MERS as
      the original mortgagee of record, solely as nominee for the seller/servicer,
      are ineligible for delivery to Fannie Mae. MERS Registration If a seller/servicer
      registers a loan on the MERS system before delivering it to Fannie Mae, the
      seller/servicer must ensure that the MIN is registered in MERS and names itself
      as the investor. Additionally, the seller/servicer must include the MIN in the
      delivery data. After Fannie Mae purchases or securitizes the mortgage, Fannie
      Mae notiﬁes MERS to update its records to reﬂect Fannie Mae’s ownership interest
      in the loan. Note: For loans registered in MERS iRegistration where MERS is
      not named as the nominee for the beneﬁciary in the security instrument, the
      MERS MIN should not be reported on the loan schedules, unless the loan is an
      eMortgage registered on MERS eRegistry. If a seller/servicer registers a mortgage
      with MERS after Fannie Mae has purchased or securitized the loan, the seller/servicer
      must name Fannie Mae as the investor during registration and notify MERS of
      Fannie Mae’s ownership interest in the loan. Use of the MIN For each MERS-registered
      loan delivered to a document custodian, the seller/servicer must indicate the
      MIN on the security instrument and related documents. Because the status of
      a MERS-registered mortgage can change, the seller/servicer is not required to
      include the MIN on the note. Additionally, the seller/servicer is still responsible
      for making sure that the document custodian has suﬃcient information to determine
      whether a loan that is included in a subsequent transfer of servicing is registered
      with MERS at the time of the transfer. The seller/servicer must have adequate
      controls in its processes to enable it to readily identify MERS-registered mortgages.
      The seller/servicer can choose from the following options: place the MIN on
      the note when the loan is registered with MERS and, if the MERS registration
      is subsequently terminated for any reason, notify the document custodian to
      delete the MIN from the note; wait to advise the custodian of the status of
      the MERS registration for a loan until a change in status actually occurs; or
      notify the custodian about the status of the MERS registration for a loan at
      the time of a servicing transfer by providing the custodian with a listing of
      all MERS-registered loans that are included in the transfer and a certiﬁcation
      that any and all other loans included in the transfer are not currently registered
      with MERS. (The listing may be prepared by the seller/servicer or, with the
      seller/servicer’s authorization, by MERS.) If there are more MERS-registered
      loans included in the transfer than there are unregistered loans, the listing
      may instead identify the unregistered loans—and, in that case, the certiﬁcation
      should state that any and all other loans included in the transfer are currently
      registered with MERS. Mortgage Assignment to MERS Published May 6, 2026 917
      If the originating seller/servicer is the beneﬁciary for a loan that it registers
      with MERS, they must prepare an assignment of the mortgage to MERS. Refer to
      the section above, entitled Requirements for the Use of MERS in Speciﬁed Geographic
      Areas, for additional information about, and restrictions on, assignments of
      loans to MERS. By delivering a MERS-registered loan to Fannie Mae, the seller/servicer:
      warrants that MERS is the mortgagee of record (either by being named as an assignee
      in a recorded assignment of the security instrument or as nominee for the beneﬁciary
      in the security instrument); and warrants that the MIN is valid and properly
      registered in MERS naming the seller/servicer as the investor. Sellers/servicers
      are not required to include a copy of the assignment of the loan to MERS in
      the delivery package they submit to the applicable document custodian. Termination
      of MERS If the seller/servicer decides to discontinue the use of MERS, they
      must request from MERS that the loan be “deactivated” in MERS. MERS will notify
      Fannie Mae about the deactivation of any loan in which it has an interest. If
      the seller/servicer’s membership in MERS is terminated, the seller/servicer
      must promptly notify Fannie Mae’s MERS Program Oﬃce (see E-1-02, List of Contacts).
      In the event that either its membership in MERS or the MERS registration for
      an active loan is terminated for any reason while Fannie Mae has an ownership
      interest in the loan, the seller/servicer must perform the functions outlined
      in the following table for each MERS-registered loan that it is servicing for
      Fannie Mae. ✓ The seller/servicer must... Prepare an assignment of the loan
      from MERS to itself. Have the assignment executed. Record the executed assignment
      in the public land records. Provide the impacted Fannie Mae loan numbers to
      Fannie Mae’s MERS Program Oﬃce. Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2024-03 May 01, 2024 Published
      May 6, 2026 918 Announcements Issue Date Announcement SEL-2023-11 December 13,
      2023 Announcement SEL-2022-04 May 04, 2022 Announcement SEL-2019-02 March 06,
      2019 Chapter B8-8, Sale of eMortgages to Fannie Mae Introduction This chapter
      provides information related to selling eMortgages to Fannie Mae.'
  judgment: false
