On May 9, 2014, Fannie Mae issued Servicing Guide Announcement SVC-2014-06 that placed new and updated policies regarding lender-placed insurance compliance certification and servicing transfers. Pursuant to the announcement, Fannie Mae will require requests for approval of servicing transfers to be submitted at least 60 days before the proposed transfer date. Servicers must certify compliance with this requirement for acceptable lender-placed insurance costs and carriers no later than June 1, 2014.
