Announcement SVC-2025-03 – Servicing Guide Update
Updated property preservation expense reimbursement limits and guidance for Fannie Mae servicers
Advisory Assessment
Impact. This update adjusts property preservation expense reimbursement limits and procedural requirements for Fannie Mae servicing operations, requiring changes to expense processing workflows and vendor payment structures. Your operations team must apply the revised limits from the Property Preservation Matrix to all qualifying services performed since June 11, 2025.
Risk. Examination focus will center on whether your team properly implemented the new reimbursement caps and documentation standards for property preservation activities. The most vulnerable exposure sits in operations where staff may continue using outdated expense limits or fail to apply the revised procedural requirements to recent preservation work.
Recommended Action. Direct your servicing operations manager to conduct an immediate reconciliation of all property preservation expenses processed since June 11, 2025, against the updated reimbursement limits in F-1-05. Ensure your vendor payment systems reflect the current Property Preservation Matrix requirements and that staff training covers the procedural changes.
Watch. Monitor upcoming Fannie Mae servicing guide releases for additional property preservation modifications, as GSE updates to these standards often come in phases throughout the year.
Classification
- Regulatory Program
- GSE Servicing Standards
- Doc Type
- Guidance
- Effective Date
- 2025-06-11
- Days to Action
- -400
- Comment Deadline
- —
- Published
- 2025-06-11
Urgency Basis
Effective date of June 11, 2025 is over 180 days in the past relative to today's date of May 26, 2026
Operational Context
Impact by Category
Key Requirements
Scoring Rationale
This is a routine GSE servicing guide update with incremental changes to property preservation standards. The changes are administrative in nature, affecting expense reimbursement limits and procedural guidance. Impact is limited to servicers and requires modest operational adjustments. The effective date has already passed, making this a monitoring item rather than an action item.