for all Mortgage Loans. Performance Management. Escrow, Taxes, Assessments, and Insurance This part describes how to administer an escrow account to manage taxes, assessments, and insurance requirements. (see Part I, Chapter 2: Mortgage Loan, Section 203: Pre-Review Mortgage Loans). Fannie Mae is a government-sponsored enterprise (GSE) created by Congress. February 2013 February 21, 2013. DUS Navigate is designed to be compatible on iPhones, iPads, Androids, and other personal devices. Required steps or processes that must be followed. Fannie Mae Multifamily Loan Guidelines and Programs. Underwriting Management. We updated our pre- review categories and defined our new underwriting requirements to provide maximum clarity — making it easier for you to deliver loans. 214.03 C Fannie Mae Confirmation of Full Payoff Amount. Why are Parts IV and V still in the old format? Leaning in to Green Building Certifications. Link. DUS Navigate is accessible to all internal Fannie Mae employees/contractors to view the guide content and Form 4660. 214.04 Reporting the Payoff and Remitting the Payoff Funds. DUS Navigate™ is your portal to our simplified and restructured Multifamily Selling and Servicing Guide and Multifamily Underwriting Standards (Form 4660). there are no proceedings – pending or contemplated – to partially or totally condemn the, the credit reports and financial statements relating to the. Fannie Mae Commercial Loans . Guide Resources. Form 4099 . If additional access is needed, please contact your Business point of contact. Section 711 FHA Risk Sharing 711.01 Description. 214.03 C Fannie Mae Confirmation of Full Payoff Amount. ET Form 0276 . You can also access Business Forms, Loan Documents, and other reference material directly at www.fanniemae.com/multifamily. when exercising the remedies or corrective actions provided in the. 6100s - Loan Agreement Schedules. Click the icon, and a new email with a link to the selected chapter or section will be opened. The Guide Guide Multifamily Selling and Servicing Guide and Delegated Underwriting and Servicing Guide, including any exhibits, appendices, or other referenced forms, as updated, amended, restated, modified, or supplemented; however, for any topic in the Multifamily Selling and Servicing Guide, that Guide shall… is divided into 3 categories:. ... Fannie Mae Multifamily Additional Disclosure Guidance. Fannie Mae multifamily operates in a variety of ways in support of the housing market. securing a Mortgage Loan Mortgage Loan Mortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie … Fannie Mae will consider the quality and thoroughness of your analysis, and the appropriateness and quantity of adjustments made. Multifamily Fannie Mae executed a new 2021 Multifamily Master Trust Agreement, effective January 1, 2021, that is used for fixed-rate and ARM multifamily pools with issue dates on and after January 1, 2021. Deals registered in DUS Gateway as of August 1 will see the “new” Guide drop down categories in DUS Gateway and must be underwritten and delivered per the new Guide. Items per page. Fannie Mae may revoke this limited If the GuideGuideMultifamily Selling and Servicing Guide and Delegated Underwriting and Servicing Guide, including any exhibits, appendices, or other referenced forms, as updated, amended, restated, modified, or supplemented; however, for any topic in the Multifamily Selling and Servicing Guide, that Guide shall… does not specify a category, then the information is a requirement. Corporate Governance Guidelines Fannie Mae Charter Board of Directors ... Fannie Mae Prices $759 Million Multifamily DUS REMIC (FNA 2021-M1) Under Its GeMS Program January 7, 2021. Requirements are mandatory … We restructured the Guide to maximize delegation and deliver an improved customer experience. ET. WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) provided $76 billion in financing to support the multifamily market in 2020, the highest volume in the history of its 32-year-old Delegated Underwriting and Servicing (DUS®) program. Items per page. Please note:  This new version of the Guide became effective for all deals registered in DUS Gateway® on or after August 1, 2019. LMI borrowers. Link. Condo Buyer's Guide; Homeownership Education by Framework; Mortgage Calculator; Sell. 214.03 B Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer. DUS Navigate is accessible to all internal Fannie Mae employees/contractors to view the guide content and Form 4660. As a lender user, do I need to obtain access to DUS Navigate if I already have access to AllRegs? In Fannie Mae's publications series, our analysts explore key trends and data, mining them for insights into recent market developments and potential future outcomes. Form ID Sort descending Title Status; Form 0178 . The … Interest rate stated in the Loan Documents. Date you fund a Mortgage Loan to the Borrower. loan limits annually. AllRegs will continue to publish new Guide content on its effective date. When you DeliverDeliverSubmission of all correct, accurate, and certifiable documents, data, and information with all applicable documents properly completed, executed, and recorded as needed, and any deficiencies resolved to Fannie Mae’s satisfaction. 711.02 A Borrowers ... A Student Housing Property Student Housing Property A multifamily residential rental property in which 40% or more, but less … A Student Housing Property is a multifamily rental property in which 40% or more, but less than 80%, of the units are leased to undergraduate or graduate students. Print/Download Guide; HIDE MENU SHOW ... 214.03 B Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer. 214.03 C Fannie Mae Confirmation of Full Payoff Amount. Statement on Fannie Mae's 2021 Duty to Serve Plan from Jeffery R. Hayward, Executive Vice President and Chief … To remove the bookmark, simply click the bookmark icon again to un-fill the star. 2021 Multifamily Master Trust Agreement At all times during the origination and underwriting of the. Link. We updated our pre-review categories and defined our new underwriting requirements to provide maximum clarity — making it easier for you to deliver loans. DUS Navigate is accessible to all internal Fannie Mae employees/contractors to view the guide content and Form 4660. Meet the Multifamily Leadership Team. Fannie Mae’s regulator, the Federal Housing Finance Agency (FHFA), publishes Fannie Mae’s conforming . Multifamily Green Bond Impact Report. Fannie Mae Prices $1.12 Billion Multifamily DUS REMIC (FNA 2013-M3) Under Its Fannie … Lien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. 711.02 Eligibility. Requirements. If you live in a building financed by Fannie Mae, know that you can’t be served with an eviction notice solely for the nonpayment of rent for 120 days, until July 25, 2020, and your landlord has to … Please contact your organization’s Technology Manager. Selling & Servicing Guide; Filters. Part I Mortgage Loan Chapter 1 ... 710.02 Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance. Search Guide. How can I access the Technology Manager website? Fannie Mae Multifamily Closes 2020 With Record Volume of $76 Billion Fannie Mae Fulfills its Mission in Supporting the Multifamily Market Amid Pandemic-Driven 214.04 B Remitting … Multifamily Legal Guidelines: Review the legal guidelines before downloading Loan Documents and Guide Forms & Exhibits files. The Guide provides Fannie Mae-approved multifamily sellers and servicers … Date all amounts due and owing under the Mortgage Loan become fully due and payable per the Loan Documents. Filters. 214.04 Reporting the Payoff and Remitting the Payoff Funds. DUS Forms. 214.03 B Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer. If additional access is needed, please contact your Business point of contact. Key Principal or other Person executing a Payment Guaranty, Non-Recourse Guaranty, or any other guaranty related to the Mortgage Loan. 307.03 Clearing Account Activity Guidelines. For over 30 years, Fannie Mae Multifamily has been a reliable source of mortgage capital for the secondary mortgage market. We updated our pre- review categories and defined our new underwriting requirements to provide maximum clarity — making it easier for you to deliver loans. Access the Guide. Seller's Designation of Wire Transfer Instructions (Form 482) Form 1055 . DUS Navigate” link from the Fannie Mae Guide website at www.fanniemae.com/multifamily/guide. Fannie Mae and Freddie Mac (the GSEs) have published a Credit Score Solicitation to request applications from prospective credit score model developers for the “Validation and Approval of Credit Score Models.” Visit the Credit Score Models page to view the solicitation or learn more about how Fannie Mae uses credit score models and credit scores. Our Delegated Underwriting and Servicing (DUS®) model is the premier financing platform in the multifamily market. This part describes the requirements associated with the two primary ways lenders transact business with Fannie Mae: selling whole loans for cash and pooling loans into Fannie Mae mortgage-backed securities (MBS), which includes Uniform Mortgage-Backed Securities (UMBS). The Multifamily Selling and Servicing Guide has been simplified and rewritten. 214.03 D No Quote to Borrower Until Fannie Mae Confirmation. Filters. Will Fannie Mae keep AllRegs up to date as well as DUS Navigate? Multifamily Underwriting Standards identifying Pre-Review Mortgage Loans and containing the minimum underwriting requirements (e.g., debt service coverage ratio, loan to value ratio, interest only, underwriting floors, etc.) Items per page. . Multifamily Capital Markets Developer Portal ... Corporate Governance Guidelines Fannie Mae Charter Board of Directors ... Life at Fannie Mae toggle. Zoning. Multifamily Borrowers Now Eligible to Repay Missed Payments over 24 Months. Below are the COVID-19 escrow requirements for Fannie Mae Multifamil... y and Freddie Mac Multifamily for both a small loan and a conventional loan. 307.03 B Debit and Credit Memos Permitted. 214.03 C Fannie Mae Confirmation of Full Payoff Amount. Form ID Sort descending Title Status; Form 0178 . Multifamily Credit Risk Management. parts of this Multifamily Selling and Servicing Guide, are granted to Fannie Mae-approved Lenders strictly for their own use in originating and selling multifamily Mortgage Loans to, and servicing multifamily Mortgage Loans for, Fannie Mae. financing with discounted fees for creditworthy . The amount of the loan: The minimum is $750,000: Length of amortization: Maximum of 30 years: The term of the loan: 214.04 A Reporting Full Payoff Amount Through the eServicing System Due By 2nd Business Day of Month. 6300s - Security … Hours of operation: 24 hours a day, 7 days a week, excluding the following holidays: NOTE: On the evening prior to a holiday closure, the Technology Support Center will close at 8 p.m. The Guide Guide Multifamily Selling and Servicing Guide and Delegated Underwriting and Servicing Guide, including any exhibits, appendices, or other referenced forms, as updated, amended, restated, modified, or supplemented; however, for any topic in the Multifamily Selling and Servicing Guide, that Guide shall… is divided into 3 categories: Multifamily Selling and Servicing Guide. All electronic data you submit is accurate and complete. Link. Report of Multifamily Hazard Insurance Loss. For over 30 years, Fannie Mae Multifamily has been a reliable source of mortgage capital for the secondary mortgage market. You must log in to enable the bookmark functionality. 214.04 Reporting the Payoff and Remitting the Payoff Funds. Where can I find the Business Forms and Loan Documents associated with the chapter or section I am in? Fannie Mae may revoke these limited permissions by written notice to any or all Fannie Mae … Our DUS lenders are required to evaluate all loans on the below components to … For maximum Origination FeesOrigination FeesFee you charge the Borrower for underwriting and originating the Mortgage Loan. The Technology Manager website is located at www.fanniemae.com/multifamily/technology-manager. A Choice Refinance Loan Choice Refinance Loan Mortgage Loan refinancing a Portfolio Mortgage Loan using the streamlined underwriting requirement per Part III: Produc December 21, 2017 Fannie Mae Files Form 8-K with SEC Addressing Increase in Capital Reserve and Impact of Tax Legislation on the Company's Deferred Tax Assets . We restructured the Guide to maximize delegation and deliver an improved customer experience. If you live in a building financed by Fannie Mae, know that you can’t be served with an eviction notice solely for the nonpayment of rent for 120 days, until July 25, 2020, and your landlord has to give you 30 days to leave the property (August 24, 2020). 2018 Multifamily Acquisition UPB by Interest Type** 89%. It directly buys apartment loans originated by licensed third-party lenders; it guarantees apartment loans included in securities issuances; and it facilitates the credit enhancement of bonds issued by state and local housing finance authorities, like the New York City Housing Authority (NYCHA), that go toward … 6200s - Loan Agreement Modifications. Customers Recommend Ask Poli AskPoli. For any Technology Manager questions, please review the FAQ page at www.fanniemae.com/content/faq/technology-manager-faqs.pdf. We restructured the Guide to maximize delegation and deliver an improved customer experience. Small Loan: Freddie Mac sub $7.5M / Fannie Mae sub $6M Freddie: LTV > 65% 12 months LTV < 65% 6 months and can be waived by Freddie Mac on an exception basis Fannie: LTV > 65% 18 months LTV 56%-65% 6 months LTV < 55% not required Conventional … does not comply with the applicable requirements, it is a Pre-Review Mortgage LoanPre-Review Mortgage LoanMortgage Loan that is not delegated to you and requires Fannie Mae’s approval before Rate Lock. WASHINGTON, DC – To assist renters in multifamily units and support Fannie Mae-financed multifamily property owners experiencing difficulties during this period of financial uncertainty, Fannie Mae (FNMA/OTCQB) today announced updated renter protections and forbearance extensions for … You must include the appropriate trademark symbols when using Fannie Mae’s protected words and phrases, and comply with the instructions on the website. 214.04 A Reporting Full Payoff Amount Through the eServicing System Due By 2nd Business Day of Month. Adjustable Rate. Person approved by Fannie Mae to sell or service Mortgage Loans. any other party whose bankruptcy could negatively impact one of these parties. What happens with AllRegs® once DUS Navigate launches? Please note that the Web Chat and Share My Desktop links are only available to registered technology application users. View DUS Forms & Exhibits Alphabetically. Call Us at 1-800-2FANNIE (1-800-232-6643). In exchange, Fannie Mae and Freddie Mac are allowing multifamily landlords (whose loans are financed by Freddie or Fannie) to defer loan payments up to 90 days due to hardship related to COVID-19. provides Fannie Mae with certain rights, remedies, and corrective actions if you fail to satisfy requirements, follow the operating procedures, or exercise delegated authority in a prudent manner. Servicing Guide. Fannie Mae is actively rewriting Parts IV and V. As new content is ready, it will be published in both DUS Navigate and on AllRegs. ET 307.03 C Using Checks. From within a specific chapter or section, there is a print/download icon directly below the chapter or section name that allows you to print or download the specific chapter or section. Market Insights. Custody Document Transmittal. Where do I find information about updates to the Guide? The following browsers have been tested with our secure servers and are necessary for secure connections: For additional information, see the Technology Requirements: Configurations for Applications. Fannie Mae doesn't originate or give out mortgages to homeowners looking for … Best practice guidance to inform and support a Lender’s delegated analysis and decision-making. How do I email a specific chapter or section to someone? Just like most other Fannie Mae multifamily loan options, Fannie Mae student housing loans offer competitive interest rates, are mainly non-recourse, and are fully assumable (with lender approval.) Fannie Mae Form 1050 with narrative attachment is required unless otherwise stated in this Guide. Fannie Mae Multifamily Kicks Off 2013 with Robust Issuance in the First Quarter . March 2013 March 14, 2013. Fannie Mae Prices $1.12 Billion Multifamily DUS REMIC (FNA 2013-M3) Under Its Fannie Mae GeMS … Meet the Multifamily Leadership Team. Multifamily sets prudent underwriting standards and regularly reevaluates them as necessary to address credit tolerances relative to the current market and economic conditions. Let Fannie Mae Multifamily Guide Lead Your Way. How can I bookmark favorite content I frequently access? 11%. Your Deal Team will be happy to answer any deal-specific questions! How do I access the mobile version of DUS Navigate? Multifamily Negotiated Transactions Handles all Cash and MBS delivery functions for all seasoned loans acquired by Fannie Mae through a Negotiated Transaction. ... of all Pre-Existing Mortgage Loans Pre-Existing Mortgage Loans Multifamily residential real estate loan secured by Liens against the Property having … From within a specific chapter or section, there is an email icon directly below the chapter or section name. You must comply with the GuideGuideMultifamily Selling and Servicing Guide and Delegated Underwriting and Servicing Guide, including any exhibits, appendices, or other referenced forms, as updated, amended, restated, modified, or supplemented; however, for any topic in the Multifamily Selling and Servicing Guide, that Guide shall… in its entirety. If the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. You may consider locational factors when appraising and underwriting if your risk analysis, Subordination, Non-Disturbance and Attornment, Tenant Estoppel Certificate; Lease Modification, Acceptable Renewable Energy Generation Systems, Underwritten Net Cash Flow (Underwritten NCF), Property Previously Secured Bond Financing, Exception for Taxes, Assessments, or Other Lienable Items, Environmental Protection Lien Endorsement, Uniform Commercial Code (UCC) Financing Statements, Creating and Perfecting the Security Interest, General Insurance – Applies to All Policies, Blanket and Other Policies Covering Multiple Properties, Business Income (including Rental Value) Insurance, Boiler and Machinery / Equipment / Mechanical Breakdown Insurance, Risk Retention Groups and Captive Insurance, Directors’ and Officers’ Liability Insurance, HPB Module, HPB Report, and Technical Solar Report Scoring, HPB Module, HPB Report, and Technical Solar Report Approval, Dependency and Medicaid Transition Reserve, Management, Operations, and Regulatory Compliance, Collateral; Tenant-Occupied and Affiliate-Owned Homes, Public Roadways, Private Interior Roadways, and Drives, Eligible Characteristics and Underwriting, Ineligible Characteristics and Underwriting, Not-for-Profit (IRC §501[c][3]) Borrower may be a Multi-Asset Borrower, Affordable Regulatory Agreement Restrictions, Lien Priority and Title Insurance Policy, Additional Underwriting and Loan Documents, Properties with Both HAP Contracts and LIHTC Units, Transactions Funded with Tax-Exempt Bond Proceeds, Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance, Borrowers, Key Principals, Guarantors, and Principals, Lender FHA Risk Sharing Reserve and Loss Sharing Modifications, Cooperative Market Rental Basis NCF (Underwritten NCF), Cooperative Market Rental Basis DSCR (Underwritten DSCR), Small Mortgage Loan Underwritten NCF (Underwritten NCF), Site Inspection by Lender or Other Third Party, Prepayment Option 1 – Declining Prepayment Premium Schedule, Prepayment Option 2 - 1% Prepayment Premium Schedule, Including the Cap Cost Factor in the Variable Underwriting Rate, Interest Rate Cap Contract Documentation and Delivery, Borrower, Guarantor, Key Principals, and Principals, UCC Renewals or Continuations and Amendments and Terminations, Forwarding New, Replacement or Amended Letters of Credit, When Issuer Rating Fails to Meet Standard, Release/Reduction of Letter of Credit or Other Collateral, Compliance with Reimbursement Agreement or Loan Agreement, and Other Loan Documents, Security Instrument; Collateral Agreements; Uniform Commercial Code Filings, Monitoring Uniform Commercial Code Filings, Cash Mortgage Loan – Reporting Remittance Amount, Monthly Securitized Mortgage Loan Security Balance Reporting, Same Month Pooling – Security Balance for First Reporting Cycle, Security Balances Due by Second Business Day, Cash Mortgage Loan and MBS Mortgage Loan Reports, Monthly MBS Mortgage Loan Reconciliations - Pool-to-Security Balance Reconciliations (Not Applicable to PFP MBS), Required Annual Adjustment to Correct Principal Balance vs. Security Balance Difference, Pool-to-Security Reconciliation Certification, Adjustable Rate Mortgage Loan Interest Rate Changes and Required Monthly Payments, Monthly Reporting for ARM Payment/Rate Changes, Delinquency Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Delinquency Advances on a Credit Enhancement Mortgage Loan, Servicing Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Servicing Advances on a Credit Enhancement Mortgage Loan, Duration of Payment of Delinquency Advances or Servicing Advances, Reimbursement for Delinquency and Servicing Advances, Repayment of Servicing Advances from Borrower, No Capitalization of Servicing Advances for Securitized Mortgage Loans, Monthly P&I Remittance Dates for Cash and MBS Transactions, Remittance Dates for Cash Mortgage Loan Payoffs, Use of Cash Remittance System and Requirements, Cash Mortgage Loans – Transmitting the Remittance, Required Date for Commencement of Remittance, Securitized Mortgage Loans – Drafting the Remittance – Funds Drafted under Automated Drafting System (Not Applicable to PFP MBS), Additional Requirements for Monthly Remittance for Security Transactions, Securitized Mortgage Loans – Remitting Fees to Fannie Mae, Guaranty Fee Due on 7th Calendar Day of Month, Same Month Pooling – Interest and Guaranty Fee Remittance for First Reporting Cycle, Notification to Fannie Mae if Unable to Have Funds Available on any Remittance Date, Review of Applicable Loan Documents Required, Notification of Prepayment; Timing of Prepayment, Notice and Timing Consistent with Loan Documents, Borrower Notice Must Contain Date of Intended Prepayment and Comply with Notice Requirements of the Loan Documents, Loan Document Requirements for Payoff and Lockout Dates, Notice to Fannie Mae of Proposed Payoff; Use of Fannie Mae Payoff Calculator, Timing of Confirmation of the Full Prepayment Payoff Amount, Full Prepayment for Cash Transactions and PFP MBS, Confirming the Full Prepayment Payoff Amount, Full Prepayment for Securitized Transactions (Not Applicable to PFP MBS), Fannie Mae Approval Required for Partial Prepayments, Prepayment Premium Due on Partial Prepayment, Reporting and Remitting Partial Prepayments When Not Permitted in Loan Documents, Reporting and Remitting Partial Prepayments When Permitted in Loan Documents, Reporting and Remitting Partial Prepayments, Yield Maintenance Prepayment Premiums – Prepayment Occurs Before the Yield Maintenance Period End Date, Calculation of Investor’s Share of Total Prepayment Premium for a Securitized Mortgage Loan, Calculation of Fannie Mae’s Share of Total Prepayment Premium, Calculation of Servicer’s Share of Total Prepayment Premium, Yield Maintenance Prepayment Premiums – Prepayment Occurs On or After the Yield Maintenance Period End Date, Prepayment On or After Yield Maintenance Period End Date, Fixed Rate Mortgage Loans with Graduated Prepayment Premiums, Prepayment Premiums for ARM Loans and Structured ARM Loans, Prepayment Premium Waivers; Servicer’s Share of Prepayment Premium, Servicer Notification of Payoff Amount to Borrower, Calculating and Obtaining Confirmation of Payoff Amount, Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer, Fannie Mae Confirmation of Full Payoff Amount, No Quote to Borrower Until Fannie Mae Confirmation, Reporting the Payoff and Remitting the Payoff Funds, Reporting Full Payoff Amount Through the eServicing System Due By 2nd Business Day of Month, Post Payoff Document Retention Requirements, Monthly Bond Credit Enhancement Reporting, Monthly Remittances of Scheduled Payments to Bond Trustee, Replenishment of Withdrawals from the PRF, Collection and Remittance of Borrower Reimbursement Obligations for Fannie Mae Advances, Notice and Collection of Other Fees and Expenses, Bond Redemption Premiums Payable to Bondholders, Termination Fee or Prepayment Premium Payable to Fannie Mae, Termination When No Prepayment Occurs; Weekly Variable Rate Transactions, Mortgage Loan Documents Must Permit Defeasance, Notifying the Internal Revenue Service about Abandonments or Acquisitions (IRS Form 1099-A), Notifying the Internal Revenue Service about Cancellations of Indebtedness (IRS Form 1099-C), Coordination with Reporting Abandonments or Acquisitions, Custodial Account Types, Investments, and Depositories, Custodial Account Requirements and Investments, Fannie Mae’s Rights in Custodial Accounts, Prohibited Use of T&I Custodial Account Funds, Purpose of Collateral Agreement Custodial Accounts, Loan Documents May Require Interest-Bearing Accounts, Custodial Account Requirements Applicable to Clearing Accounts, Timing for Crediting to Custodial Account, Distinct Custodial Accounts for Securitized Mortgage Loans (Other Than PFP MBS), Commingling of P&I Funds Permitted for Cash Executions, Commingling of P&I Funds Permitted for Securitized Mortgage Loans, Separate Accounts for P&I Funds Permitted, Corporate/General Lender Accounts Not Permitted, Election of Cash Remittance System or Automated Drafting System Required, Taxes and Insurance and Other Custodial Accounts, Collections for T&I and Other Obligations, Interest Earned on T&I and Other Custodial Accounts, Commingling of Funds in T&I Custodial Accounts, Periodic Analysis of Borrower’s T&I Obligations and Custodial Account Collections, Monitoring Compliance with Loan Documents, Servicer Certification When Fannie Mae Approval Is Not Required, Servicer Certification When Fannie Mae Approval Is Required, Submitting the Request for Subordinate Financing, Funds as Additional Security for Mortgage Loan, Waiver or Modification of Terms of Collateral Agreement, Achievement Agreement or Other Agreement for Additional Collateral, Draws on Letters of Credit or Application of Other Collateral, Releasing Additional Escrows for Principal and Interest, Taxes and Insurance, and Replacement Reserves, Completion/Repair Loan Document Amendments, Replacement Reserve Loan Document Amendments, Modifications to Replacement Reserve Deposits, When Replacement Reserve Funding Was Partially or Fully Waived, Items Eligible for Funding from the Replacement Reserve, Items Not Eligible for Funding from the Replacement Reserve, Return of Replacement Reserve Funds to Borrower, Alternative Funding of Replacement Reserves for Portfolio Mortgage Loans, Replacement Interest Rate Hedge and Notification, Replacement Interest Rate Hedge Documents and Follow Up, No Financing for Property and Liability Insurance Premiums, Flood Map Changes; Obtaining Flood Insurance, Servicer’s Administrative Costs and Expenses, Required Casualty Loss Property Inspection, Documentation for Required Casualty Loss Property Inspections, Endorsement of Insurance Loss Draft or Check When Payable to Fannie Mae, Endorsement of Insurance Loss Draft or Check When Not Payable to Fannie Mae, Insurance Loss Draft or Check Not Payable to Either Fannie Mae or Servicer, Borrower’s Failure to Diligently Pursue Repair, Decisions Delegated by the Delegated Transaction Form 4636 series, Supplemental Mortgage Loans Not Permitted, Decisions and Actions Delegated and Not Delegated, Seniors Housing Expansion/Conversion Requests, Request Changes in Unit Count/Mix in the MAMP, Bond Transactions and Credit Enhancement Mortgage Loans, Compliance Issues Relative to Bond Credit Enhancement Transactions, Monitoring Compliance; Notification of Noncompliance, Default Notice for Failure to Comply with the Bond Documents, Multifamily Affordable Housing (MAH) Properties, HAP Contract Approval and Releasing Restabilization Reserve, Mortgage Loans with Property Condition Concerns (Not Limited to Watchlist Loans), Property Inspection Frequency; Submission of Property Inspection Forms, Number of Units to be Inspected; “Down” Units, Consultation with Property Manager and Staff, Servicer Property Inspection Quality Control Requirements, Other Property Inspections; Inspection Fees, Electronic Reporting of Financial Analysis of Operations, Request for Waivers of Quarterly and Annual Reporting on Financial Analysis of Operations, Waivers for Reasons Other Than Unresponsive Borrowers, Quarterly Reporting on Financial Analysis of Operations, Quarterly Submission Requirements by Asset Class, Annual Reporting on Financial Analysis of Operations, Annual Financial Analysis Reporting Requirements, Submitting the Annual Financial Analysis of Operations, Obtaining Required Financial and other Reporting Items, Annual Reporting of Guarantor Financial Condition, Failure of Borrower to Provide Required Guarantor Financial Reporting, Lender Review of Required Financial Reporting, Maintenance of Annual Financial Reporting Records, Action Plans for Primary Risk Mortgage Loans, Information Requests and Action Plans for Secondary Risk Mortgage Loans, Defaulted Mortgage Loans on Fannie Mae or Servicer Watchlist, Lender Tenders for Minor or Immaterial Defaults, Definition of Non-Performing Mortgage Loan, Partial Payments by Borrower Do Not Change Date of Default, Timing for Imposition of Late Charges and Default Interest, No Deduction for Late Charges or Default Interest, Enforceability of Late Charges and Default Interest, Notice to Fannie Mae of Performance Default, Full Payment After Expiration of Period Before Assessing Late Charges, Copies of Letters Sent to Borrower; Correspondence with Borrower, Funding Capital Repairs During Default Resolution, Documenting the Property Management Change, Servicer Performs Loss Mitigation Actions, Servicer Workout Action Template (“SWAT”), Fannie Mae Performs Loss Mitigation Actions, Election and Implementation of a Course of Action, Course of Action – Lender Purchase of Mortgage Loan, Course of Action – Lender Workout Election, Documentation and Terms of Lender Workout, Lender Workout Has No Impact on Loss Sharing or Recourse Obligation, Servicer Makes Delinquency Advances But Fails to Report Mortgage Loan Delinquent, Foreclosure Process Continues Unless Otherwise Agreed to by Fannie Mae, Delinquency Advances Must Be Made During Negotiation of Joint Workout, Modification, Extension, and Forbearance Fees, Management of Property Post Title Vesting in Fannie Mae, Course of Action – Note Sale Election or Discounted Loan Payoff, Note Sale and Discounted Loan Payoff Defined, Any Note Sale or Discounted Payoff Gives Rise to Loss Sharing Event, Note Sale – Secondary Risk Mortgage Loans, Discounted Loan Payoff - Secondary Risk Mortgage Loans, Calendar Days 31 through 60 after a Payment Default or Performance Default, No Disclosure of Lender’s Contract Terms to Borrower; Borrower Not a Third-Party Beneficiary of Lender Contract, Asset Audits for Secondary Risk Mortgage Loans, Special Requirements for the Environmental Assessment, Appraisal Notice and Election of Appraisal Methodology, Level 2 and Level 3 In Place Loans – Generally, Loan Modification, Extension and Forbearance Fees, Multifamily Selling and Servicing Guide and Delegated Underwriting and Servicing Guide, including any exhibits, appendices, or other referenced forms, as updated, amended, restated, modified, or supplemented; however, for any topic in the Multifamily Selling and Servicing Guide, that Guide shall…. 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Mae Guide website at www.fanniemae.com/multifamily/guide Low down payment long term permanent Mortgage loans either. The FAQ page at www.fanniemae.com/content/faq/technology-manager-faqs.pdf a Fannie Mae 's 2021 Duty to Serve Plan from Jeffery R. Hayward, Vice... Forms and Loan Documents associated with the chapter or section Title and the content will display on Microsoft®... Delegation and deliver an improved customer experience Mae Confirmation of Full Payoff through. For Q3 2019 evaluate all loans on the left-hand side displaying an outline the! Is based only on valid credit factors that reliably predict risk, and other personal devices 6000 identify. Access is needed, please contact your Business point of contact of dus?. Stated in this chapter Procedures are required to evaluate all loans on the any chapter or section to?! Other Guaranty related to a specific Deal or via the “ new 2021 Duty to Serve Plan Jeffery. 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