The following table lists the information that must be sent to a law firm when a mortgage loan is referred for either bankruptcy or foreclosure proceedings.
✓ | The referral must include… |
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| The following servicer information: the servicer’s name, address, and Fannie Mae Identification Number; and the servicer’s contact person’s name, telephone number, email address, and fax number.
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| The following property information: the property address, and Tax Identification Number or assessor’s parcel number (if available); the property type (single-family, condo, co-op, etc.); the number of dwelling units; occupancy status; whether the property is owner-occupied or an investment property (if an investment property, provide all known information, including number of units, occupancy status, names of any tenants, rental income, lease amounts, etc.); whether the property is Native American land (tribal trust, allotted, restricted fee, as applicable); the name and telephone number of the management agent for a co-op project (if applicable); and the name and telephone number of the HOA or condominium association (if applicable).
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| The following borrower information: the borrower’s name and, if available, phone number(s) and email address; the borrower’s mailing address (if different from property address); the borrower’s Social Security number or Tax Identification Number; and the borrower’s current military status (if any).
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| The following mortgage loan information: the servicer’s Loan Identification and Fannie Mae Loan Number; MERS MIN, if applicable; lien priority (first or subordinate); original mortgage loan amount; current UPB and LPI date; the total amount past due (reinstatement); the total amount due (payoff); itemization of fees, costs, and other charges; brief servicing history for the last 12 months (including previous foreclosure referrals, workout attempts, and bankruptcies); the name of the mortgage insurer (if applicable); and any other important mortgage loan characteristics (such as HECM status, Texas Home Equity Loan, etc.).
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In addition to all of the data elements previously mentioned in this topic, a referral to a law firm for bankruptcy proceedings will also require the following information:
bankruptcy case number;
bankruptcy jurisdiction;
date of the bankruptcy filing;
chapter under which the bankruptcy was filed;
any property valuation information;
breakdown of the monthly payment (principal, interest, and escrow deposits);
mortgage escrow analysis (showing any shortage or surplus); and
foreclosure case number, jurisdiction, and date the proceedings initiated.