Fannie mae foreclosures ga code#

Per the Announcement, Fannie Mae increased the maximum number of allowable days within which routine foreclosure proceedings are to be completed for the following jurisdictions: Alabama, Arizona, Idaho, Maine, Maryland, Michigan, Missouri, Nebraska, New Jersey, New York, New York City, Nevada, Tennessee, Utah, Virginia, Vermont, and West Virginia.

Fannie mae foreclosures ga code#

Loans with LPI before 06/01/12: Credit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code H5), up to a maximum of 60 days for each workout.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code BF), up to a maximum of 120 days for each workout.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code 09 вЂ“ Forbearance and Delinquency Reason Code 16 - Unemployment), up to a maximum of 180 days for each workout.Д¬redit will be given for the actual number of days the loan is reported in a foreclosure status between December 2010 and April 2012 (reported using Delinquency Status Code 43 вЂ“ Foreclosure), up to a maximum of 180 days total.Fannie Mae issued Servicing Guide Announcement SVC-2018-10 (Announcement), setting forth amendments to foreclosure time frames and Fannie MaeвЂ™s compensatory fee process. Loans with LPI on or after 06/01/12: No credit will be given. Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Codes 3L and 65), up to a maximum of 80 days for each filing.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code 66), up to a maximum of 125 days for each filing.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code 59), up to a maximum of 125 days for each filing.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Codes 67 and 69), up to a maximum of 125 days for each filing.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code 31), up to a maximum of 120 days for the first occurrence.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code 32), up to a maximum of 455 days for the first occurrence.Д¬redit will be given for the actual number of days between the begin date and the end date (reported using Delinquency Status Code 33), up to a maximum of 90 days for the first occurrence.

The table below specifies the number of days Fannie Mae will add to the state foreclosure time frame to determine the servicerвЂ™s foreclosure time frame performance in accordance with the Fannie Mae Servicing Guide. ** Due to certain judicial decisions in Oregon, the servicer and mortgage default counsel in Oregon may, depending on the facts and circumstances of a particular case, decide to proceed with a judicial foreclosure without further approval from Fannie Mae.Д¬ompensatory Fee Allowable Delays Exhibit Fannie Mae will provide procedural instructions and allowable fees if approval is granted. The servicer or law firm must submit a Non-Routine Litigation Form (Form 20 ) to request the necessary approval. Fannie Mae's Regional Counsel must approve the use of a different methodology prior to foreclosure initiation. *This methodology is the preferred method of foreclosure for each jurisdiction.