Action required
Servicing Guide update incorporating LL-2026-03 property insurance requirements
Loan impactConventionalProperty eligibilityServicing
Applies to: Fannie Mae servicers must implement the LL-2026-03 property insurance requirements, including for renovation and second lien mortgage loans, by Jan. 1, 2027.
What to review: First review the LL-2026-03 property insurance changes in sections B-2-01 and B-2-02, which servicers must implement by Jan. 1, 2027 and may implement now, then note that the minor renovation and second lien alignment edits and the Chapter B-2 reorganization are effective immediately without being mandatory actions. AWACS interpretation
Effective Jan 1, 2027; other items nowView affected requirements →