T3 FANNIE_MAE High Confidence Guidance

Announcement SVC-2026-04 – Servicing Guide Update

Fannie Mae operational efficiency and alignment with current industry practices for RON and custodial account management

LOW

Impact Level

Top: Compliance (2)

Classification

Regulatory Program: GSE Servicing Standards
Doc Type: Guidance
Effective Date: 2026-05-13
Days to Action: 61
Comment Deadline: —
Published: 2026-05-13

Urgency Basis

Primary compliance deadline of August 1, 2026 is 61 days from today (June 1, 2026)

Operational Context

Affected Functions

Compliance Operations

Institution Applicability

All

Impact by Category

Compliance

Operational

Data Governance

Model Risk

Reporting & Disclosure

Capital & Liquidity

Consumer Protection

Third-Party Risk

Key Requirements

- Eliminate video recording retention for RON loans closed on or after May 6, 2026 - Maintain RON audit trail in electronic loan files and transfer to subsequent servicers - Implement new digital custodial account management process using Forms 1013 and 1014 by August 1, 2026 - Execute Data Access Authorization Agreement (Form 101) for subservicer access as needed - Update mortgage insurance communication contacts by August 1, 2026 - Update FHA MI claim filing address in operational procedures

Scoring Rationale

This is primarily an operational update with modest compliance implications. The RON video retention removal reduces burden while maintaining audit requirements. The custodial account management digitization requires process updates but is not a fundamental change to obligations. Most changes are administrative updates to contacts and addresses.

Scored: 2026-06-01T20:01:22.690Z Model: claude-sonnet-4-20250514 Confidence: High Aggregate Score: 1.4

AI Analysis Disclosure — This record, including its scores, impact assessments, and Advisory Assessment (impact, risk, and recommended actions), was generated by an AI model and may contain errors or omissions. The Advisory Assessment is a starting point for analysis, not a substitute for professional judgment. Effective dates, applicability determinations, impact assessments, and any recommended actions should be independently verified against primary regulatory source documents and reviewed by qualified compliance or legal personnel before taking compliance action. This output does not constitute legal or compliance advice.