Fannie Mae Enhances Disclosures Related to Servicers
Effective October, 1, 2016, Fannie Mae will change its threshold for disclosing primary servicers who service loans in its Single-Family Mortgage-Backed Securities (MBS). Currently, primary servicers are placed in the category “Remaining” if they service loans that represent less than 5.0 percent of the MBS pool’s security balance. As of October 1, 2016, that threshold will be lowered from 5.0 percent to 1.0 percent.
This enhancement will be reflected in Fannie Mae’s at-issuance disclosure file, the New Issue Pool Statistics (NIPS) file, and the monthly Supplemental file. No file format changes are required to either file as a result of this enhancement.
For any questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 2 or by e-mail.
Originally published: 9/28/16