Servicers wanting to be reimbursed costs for performing property maintenance tasks on Fannie Mae-linked properties, should review the government-sponsored enterprise’s latest updated Property Preservation Matrix and Reference Guide.

The guide includes new information on allowable reimbursement amounts and timelines. The GSE also expounded on new reimbursement amounts associated with upkeep activities such as cleaning gutters and repairing exterior handrails.

Servicers are encouraged to implement the updated timelines for the completion of property preservation services as soon as possible. Servicers will have to use the updated timelines on all maintenance and preservation activities that take place after Feb. 1, 2013.

Click here to access the notice. 

Click here to download the updated Reference Guide from Fannie Mae’s website.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please