Fannie HomeSaver Solutions Retirement

Published on: May 19, 2025

On May 14, Fannie issued notice on retirement of HomeSaver Solution

  • Fannie issued Servicing notice reporting the advance notice of retirement of HomeSaver Solutions Network (HSSN) workout functionality effective Dec. 1, 2025.
  • Network Retirement
  • Fannie Mae will retire the loan workout reporting and related functionality in HSSN.
  • To continue servicing, HSSN loss mitigation workout reporting functionality will transition to Fannie Mae’s Servicing management default underwriter (SMDU) platform
  • All workout reporting activities will be managed by SMDU Case Management.
  • Servicers currently utilizing HSSN are encouraged to fully transition this activity to SMDU Case Management as soon as possible, but no later than Nov. 30, 2025.
  • Will not be able to create/submit closed loan modification case on HSSN, nor close approved cases, cancel loan modifications, or enter trial period data requests.
  • Delinquency reporting and reclass transactions or reports will remain available.
  • Effectiveness
  • Retirement of HSSN functionality is effective Dec. 1, 2025.
Regulators
Fannie
Entity Types
Bank; CNSM; MG Orig; Servicer; Thrift
Reference
PR, Nt, 5/14/2025;
Functions
Compliance; Financial; Legal; Operations; Registration/Licensing; Technology; Underwriting
Countries
United States of America
Category
State
N/A
Products
Banking; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
May 14, 2025
Effective Date
Dec 1, 2025
Rule ID
254618
Linked to
N/A
Reg. Last Update
May 14, 2025
Report Section
US Consumer