Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Responsible Party

Fannie Mae

Updated 10-31-2026

Responsible Party

A seller, servicer, or other entity that is responsible for the selling representations and warranties and/or for the servicing responsibilities or liabilities on a mortgage loan.

Fannie Mae Glossary of Terms

Fannie Mae · p. 42

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