InfoBytes Blog
Financial Services Law Insights and Observations
Fannie Mae Postpones Effective Date for Servicer Insurance Requirements
On May 23, Fannie Mae announced the postponement of its June 1, 2012 effective date for lender-placed property insurance requirements applicable to servicers (Fannie Maes initial announcement was reported in InfoBytes, Mar. 16, 2012). The May 23 announcement does not provide a new effective date. Until Fannie Mae announces a new effective date, it is encouraging servicers to implement the requirements as practically feasible.