FNMA Servicing Guide D2-3.1 — Determining the Appropriate Workout Option / Conditions for MBS Pool Modification / Group Home Servicing

fnma-svc-d2-3-1

FNMA Servicing Guide D2-3.1-02 and D2-3.1-03 govern operational rules for workout options on MBS-pool mortgage loans and group home mortgage loans: no-modify-while-in-MBS-pool rule, 4- consecutive-month delinquency precondition for special-servicing MBS removal, Trial Period Plan payment precondition for modification implementation, modification-effective-only-after- MBS-removal rule, and group-home foreclosure-prevention duty requiring work with the funding agency. Fills FNMA Servicing D2- 3.1 chapter gap.

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Verbatim regulatory text (5)

Verbatim provisions from FNMA Servicing Guide D2-3.1 — Determining the Appropriate Workout Option / Conditions for MBS Pool Modification / Group Home Servicing — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FNMA Servicing Guide D2-3.1-02 — No mortgage modification while loan is in an MBS pool

The servicer must not modify a mortgage loan while it is in an MBS pool

Source: FNMA Servicing Guide D2-3.1-02 — Conditions of MBS Mortgage Loan Modification · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide D2-3.1-02 — 4-consecutive-month delinquency precondition for special-servicing MBS removal

if a special servicing option mortgage loan has been in a continuous state of delinquency for four consecutive monthly payment due dates

Source: FNMA Servicing Guide D2-3.1-02 — Conditions of MBS Mortgage Loan Modification · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide D2-3.1-02 — Modification not implemented if Trial Period Plan payments not made

The servicer must ensure that the mortgage loan modification is not implemented if the required Trial Period Plan payments are not made

Source: FNMA Servicing Guide D2-3.1-02 — Conditions of MBS Mortgage Loan Modification · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide D2-3.1-02 — Mortgage loan modification not effective while in MBS pool

The servicer must ensure that a mortgage loan modification does not become effective while it remains in an MBS pool.

Source: FNMA Servicing Guide D2-3.1-02 — Conditions of MBS Mortgage Loan Modification · source URL · snapshot f662f911b3ddaf1d

FNMA Servicing Guide D2-3.1-03 — Group home delinquency: work with funding agency to resolve

must work with the borrower and the funding agency to resolve a serious delinquency

Source: FNMA Servicing Guide D2-3.1-03 — Working with a Borrower that has a Group Home Mortgage Loan · source URL · snapshot f662f911b3ddaf1d

Operationalizing FNMA Servicing Guide D2-3.1 — Determining the Appropriate Workout Option / Conditions for MBS Pool Modification / Group Home Servicing

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

Source of record: https://claudeforcompliance.com/regs/fnma-svc-d2-3-1/ · register fnma-svc-d2-3-1 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.