Copies of Letters Sent to Borrower; Correspondence with Borrower
The ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g., the originator, the selling Lender, or a third-party servicer). must send to its Fannie Mae RepresentativeFannie Mae RepresentativeFannie Mae personnel who assist you with various business matters (e.g., Fannie Mae Deal Team, pricing, delivery, servicing, asset management, etc.). a copy of any letter sent to the BorrowerBorrowerPerson who is the obligor under the Note. pursuant to this Chapter at the same time as it sends such letter to the BorrowerBorrowerPerson who is the obligor under the Note.. After outside counsel is engaged, any correspondence with the BorrowerBorrowerPerson who is the obligor under the Note. related to the Payment DefaultPayment DefaultFailure of a Borrower to pay when due and in full any payment required for the Mortgage Loan, including, but not limited to, principal, interest, late charges, default interest, fees, prepayment premium, escrows, or other collateral accounts for taxes, insurance premiums, and assessments, other… or Performance DefaultPerformance DefaultFailure of a Borrower to perform any promise or covenant within any applicable grace periods under the related Mortgage Loan other than a failure that constitutes a Payment Default. , or the Course of ActionCourse of ActionFor Non-Performing Mortgage Loans, loss mitigation activities per Part V: Servicing and Asset Management, Chapter 7. , must be made by or through the outside counsel.