Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure

fnma-svc-e-3-1-02

Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure.

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source:
  type: guide
  id: fnma-svc-e-3.1-02
  authority: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure
  description: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure.
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obligations:
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    section: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure
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    tags:
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      authority: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure
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      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
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      paragraph_quote: 'E-3.1-02, Performing Due Diligence Prior to Considering Foreclosure (11/12/2014) Performing Due Diligence Prior to Considering Foreclosure Performing Due Diligence Prior to Considering Foreclosure The servicer of a portfolio mortgage loan, a participation pool mortgage loan that Fannie Mae holds in its portfolio, or of a special servicing option MBS loan, must protect Fannie Mae’s investment by making every reasonable eﬀort to cure the delinquency through Fannie Mae’s various workout options before referring a mortgage loan for foreclosure proceedings. The servicer must complete the actions shown in the following table prior to referring a mortgage loan to foreclosure. ✓ The servicer must... Inspect the property and analyze the individual circumstances of the delinquency. Diligently investigate mortgage loans originated as investment properties and attempt to determine whether or not the borrower is collecting rental income from the property. If the servicer suspects that the property or any unit(s) of the property is tenant occupied, it must take appropriate action to ascertain the actual occupancy status of the property. This includes completing detailed property inspections and conducting skip tracing. Note: If the servicer learns of a change in mortgage loan status after referring the mortgage loan to foreclosure, the servicer must promptly notify the law ﬁrm of the change. Status changes include: occupancy status, rental income and amounts, tenant information, and lease information. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 13, 2026 440'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure — 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.

Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure

E-3.1-02, Performing Due Diligence Prior to Considering Foreclosure (11/12/2014) Performing Due Diligence Prior to Considering Foreclosure Performing Due Diligence Prior to Considering Foreclosure The servicer of a portfolio mortgage loan, a participation pool mortgage loan that Fannie Mae holds in its portfolio, or of a special servicing option MBS loan, must protect Fannie Mae’s investment by making every reasonable eﬀort to cure the delinquency through Fannie Mae’s various workout options before referring a mortgage loan for foreclosure proceedings. The servicer must complete the actions shown in the following table prior to referring a mortgage loan to foreclosure. ✓ The servicer must... Inspect the property and analyze the individual circumstances of the delinquency. Diligently investigate mortgage loans originated as investment properties and attempt to determine whether or not the borrower is collecting rental income from the property. If the servicer suspects that the property or any unit(s) of the property is tenant occupied, it must take appropriate action to ascertain the actual occupancy status of the property. This includes completing detailed property inspections and conducting skip tracing. Note: If the servicer learns of a change in mortgage loan status after referring the mortgage loan to foreclosure, the servicer must promptly notify the law ﬁrm of the change. Status changes include: occupancy status, rental income and amounts, tenant information, and lease information. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 13, 2026 440

Source: Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide E-3.1-02 — Performing Due Diligence Prior to Considering Foreclosure

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-e-3-1-02/ · register fnma-svc-e-3-1-02 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.