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T3 FANNIE_MAE High Confidence Guidance

Announcement SVC-2026-04 – Servicing Guide Update

Fannie Mae servicing guide administrative updates and operational process improvements

LOW
Impact Level
Top: Compliance (2)

Advisory Assessment

Impact. This Servicing Guide update streamlines several administrative processes while adding new digital requirements. Your institution can eliminate video retention for RON loans closed after May 6th but must maintain comprehensive electronic audit trails, implement digital Form 1013/1014 submissions by August 1st, and execute new data access agreements for sub-servicer arrangements.

Risk. The August 1st deadline concentrates implementation pressure on your technology and operations teams, particularly for the digital forms transition. Sub-servicers face additional exposure if data access agreements aren't executed properly, potentially disrupting custodial data access during examinations.

Recommended Action. Have your operations team immediately inventory current Form 1013/1014 submission processes and engage your technology group to scope the digital transition requirements. Compliance should review existing sub-servicer agreements to determine which require the new data access authorization addendum.

Watch. Monitor for any Fannie Mae technical specifications or user guides supporting the digital forms implementation, as these typically follow announcement updates. Track your August 1st implementation progress against other concurrent system changes to avoid resource conflicts during the summer deployment window.

Classification

Regulatory Program
Fannie Mae Servicing Guide
Doc Type
Guidance
Effective Date
2026-05-13
Days to Action
77
Comment Deadline
Published
2026-05-13

Urgency Basis

Most requirements have August 1, 2026 implementation deadline (77 days from today), with some changes effective immediately

Operational Context

Flags
Systems Change Required
Affected Functions
Compliance Operations Technology
Institution Applicability
All

Impact by Category

Compliance
2
Operational
2
Data Governance
2
Model Risk
0
Reporting & Disclosure
1
Capital & Liquidity
0
Consumer Protection
0
Third-Party Risk
1

Key Requirements

- Remove video recording retention requirements 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 submission process for Forms 1013 and 1014 by August 1, 2026 - Execute Data Access Authorization Agreement (Form 101) for sub-servicer access to custodial data - Update mortgage insurance communication contact information by August 1, 2026 - Use updated Fannie Mae lockbox address for FHA MI claim filing

Scoring Rationale

This is a routine Fannie Mae servicing guide update with mixed administrative and operational changes. The RON video retention removal reduces compliance burden while maintaining audit trail requirements. New digital forms processes require operational adjustments but are not enterprise-wide changes. Most requirements have reasonable implementation timelines. Scores reflect incremental process changes rather than significant new obligations.

Scored: 2026-05-16T07:39:07.852Z Model: claude-sonnet-4-20250514 Confidence: High Aggregate Score: 1.6
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.