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© 2018 Fannie Mae Single Family Servicing Guide

The following table provides the requirements for the servicer of a seriously delinquent second lien mortgage loan when evaluating a borrower for a Mortgage Release.

✓The servicer must...

Coordinate with the first lien mortgage loan servicer regarding any proposed action related to the acceptance of a Mortgage Release to determine the following:

  • status of the first lien mortgage loan,

  • intentions of the first lien mortgage loan servicer, and

  • possibility of a mutually arranged disposition.


Order an Owner and Encumbrance Report to ensure that there are no other outstanding liens.

The servicer must obtain Fannie Mae’s prior approval to accept a Mortgage Release. The servicer must follow the procedures in Requesting Approval for a Mortgage Release for a Second Lien Mortgage Loan in F-1-33, Requesting Fannie Mae’s Approval via Fannie Mae's Servicing Solutions System for requesting Fannie Mae’s approval of a Mortgage Release.

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