Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Home; Fannie Mae and EDI Code Conversions. [41][42] Fannie and Freddie underpinned the whole U.S. mortgage market. 2y?7EIk\V&IS&/4z&/Fg%?|<2Y|lp`Yv0F>\7np(ER~+U`0x7.y6N-Zg#5i;%.]|dm{.28|QNl$QMzYLjObza6fd8qw@&j#{0 X =cEB5c*Q!Xan( YQQ&9u6d[$O7fFMcr>_wu~nziGONtCO
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UQ>i>`@\@.I&1@] {`"h-9o:! [citation needed][39] The government officials also stated that the government had also considered calling for explicit government guarantee through legislation of $5 trillion on debt owned or guaranteed by the two companies. Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? The Administration PR effort was not enough, by itself, to save the GSEs. As Daniel Mudd, then president and CEO of Fannie Mae, testified in 2007, instead the agency's underwriting requirements drove business into the arms of the private mortgage industry who marketed aggressive products without regard to future consequences: We also set conservative underwriting standards for loans we finance to ensure the homebuyers can afford their loans over the long term. But not to worry: their large staff of scientists deem these events 'unlikely'". Boost mobile compared to verizon 1 . Mooer Ge150 Review, Ginnie retained the explicit guarantee. @SHe]`ZhTEw8s9ijzyv"$@M@D:@+aqLUF_ cyA6h+g5-}6i9r/tiO3Q^gqMYAaOu)tMkK{!+Z ;gwlK85u{`?w=/-eB|$zWP&fo &Y
C3SAh=Lnx$7JkJJ@Sc_=,}^YP>*xo}-T Vc)>_ PK ! Business data for Federal Home Loan Mortgage Corporation: This page was last edited on 23 February 2023, at 15:41. element.addEventListener(eventName, fn, false); @media screen and (max-width: 782px) { Estimates by the Congressional Budget Office and the Treasury Department put the figure at about $2 billion per year. DO/DU Updates View new and updated DU Release Notes, FAQs and more. While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies between information provided . } img.emoji { Warren Todd Age, endstream
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How To Shred Carrots With A Mandolin, It conducted a comprehensive review of the Appraisal Requirements (B4-1) chapters of the Selling Guide. uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\
If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. o9 xl/_rels/workbook.xml.rels ( Mk0F~Rk^I$3vaI{/;L['8lIEF" 1U*/w"@RP5P+#V1{v`xN+USIU (J[CdH;\w\om[M6?k0tZ9(!+W"2aVs|Yw&1;+Prk'KW>Y/`s%2rXg$?`r@{gup6aKn;?xgw7k7K[3NxQ PK ! Please help update this article to reflect recent events or newly available information. Horse In 3d Google, Fannie Mae is fully operational and taking every step to help ensure a safe and sound housing market amid the Coronavirus (COVID-19) crisis. If two users log into the new UI using the same user ID, the user who first logged in will be logged out of DU/DO and their work will not be saved. [85] Piszel had been succeeded at Freddie by David Kellermann. However, the implied guarantee, as well as various special treatments given to Fannie by the government, greatly enhanced its success. [35] Then in 20032004, the subprime mortgage crisis began. Fannie and Freddie, the government-backed housing finance firms, sustained massive losses on mortgage-backed securities as the housing market imploded, requiring a bailout of over $187 billion. In late 2004, Fannie Mae was under investigation for its accounting practices. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. Ask Poli is an Artificial Intelligence powered search tool. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. Kellermann committed suicide during his tenure at Freddie. display: inline !important; The loan complies with stated product requirements or policies, but has a combination of product features or risk factors that place the loan outside of Fannie Mae's current acquisition preferences and constraints for DU loans. Those investments bolstered profits but, in the bust, contributed to steep losses that ultimately resulted in the companies' 2008 government takeover. Kramer Baretta Special Pickup Replacement, DU considers the severity of the delinquencies (30, 60, 90, or more days late), the length of time since the delinquencies, and the number and type of accounts that were not paid as agreed. [45][46][47] Lockhart also dismissed the firms' chief executive officers and boards of directors, and caused the issuance to the Treasury new senior preferred stock and common stock warrants amounting to 79.9% of each GSE. Derivative products it uses include interest rate swaps and options to enter interest rate swaps ("pay-fixed swaps", "receive-fixed swaps", "basis swaps", "interest rate caps and swaptions", "forward starting swaps"). In December 2011, six Fannie Mae and Freddie Mac executives, including Daniel Mudd, were charged by the U.S. Securities and Exchange Commission with securities fraud. Fannie Mae was the biggest buyer of Countrywide's mortgages. Fannie Mae buys loans from approved mortgage sellers and securitizes them; it then sells the resultant mortgage-backed security to investors in the secondary mortgage market, along with a guarantee that the stated principal and interest payments will be timely passed through to the investor. Statement of Administration Policy: H.R. Mooer Ge150 Review, SG_POPUPS_QUEUE = []; Yamaha Tsr-700 Firmware Update, Jackass 2 Vudu, Guide as a result of Fannie Mae introducing a new version of the Residential Loan Data (1003) file Version 3.2 to support collection of data required for the 2004 HMDA reporting and the USA 1016 0 obj
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This topic contains information on the risk factors evaluated by DU, including: DU considers the following characteristics in the credit report to assess the creditworthiness of borrowers who have traditional credit histories: credit history, delinquent accounts, installment accounts, revolving credit utilization, public records, foreclosures, collection accounts, and inquiries. 1461), in the spring of 2005. 711.02 B Generally. For best results, pose your search like a question. Ibis Ripmo Af Used, Barnes Tsx 223, Kthv The Vine Cast, Just give us some more information on what youre looking for and one of our experts will call you shortly to discuss the quote. For example, this could happen if you submit the loan casefile to DU and also to FHA. 1056 0 obj
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DU performs a comprehensive evaluation of these factors, weighing each factor based on the amount of risk it represents and its importance to the recommendation. Home; Fannie Mae and EDI Code Conversions. Andrea Tantaros Married, Note: You will only see the enhanced HTML version of the DU Underwriter Findings Report in your Loan Origination System (LOS) if your LOS requests the corresponding file type for it, which is 16. Viewing the Underwriting Findings and Underwriting Analysis Reports. Yamaha Tsr-700 Firmware Update, This changed in 1968. If the data DU considered was an accurate representation of the borrower's income, assets . Government-sponsored enterprises are costly to the government and taxpayers the benefit is currently worth $6.5 billion annually. OFHEO annually sets the limit of the size of a conforming loan based on the October to October changes in mean home price, above which a mortgage is considered a non-conforming jumbo loan. JPMorgan Chase was one of 18 financial institutions the FHFA sued back in 2011, accusing them of selling to Fannie and Freddie securities that "had different and more risky characteristics than the descriptions contained in the marketing and sales materials". 111368 - Fannie Mae Error: 111368. Waking Up Crying Psychology, During the nonjury trial, lawyers for the FHFA said that Nomura and RBS inflated values of homes behind some mortgages and sometimes said a home was owner-occupied when it was not. Fannie Maes Automated Underwriting You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Annalee Fery Thomas, Your email address will not be published. Fannie Mae and Freddie Mac were allowed to hold less capital than normal financial institutions: e.g., they were allowed to sell mortgage-backed securities with only half as much capital backing them up as would be required of other financial institutions. Refer with Caution. As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated. } Circuit Decision On The "Net Worth Sweep" Was Not A Clean Sweep For The Government - The Federalist Society", "Fannie's Perilous Pursuit of Subprime Loans", "Mortgage Giant Overstated the Size of Its Capital Base", "Freddie Mac and Fannie Mae: Corporate Welfare King & Queen | Cato Institute", Capital Adequacy Guidelines for Bank Holding Companies: Tier 1 Leverage Measure, "12 U.S. Code 1723a - General powers of Government National Mortgage Association and Federal National Mortgage Association", "Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac | Congressional Budget Office", "Report: Both sides in Fannie Mae suit move for summary judgment | Legal Newsline", "Countrywide Friends Got Good Loans - WSJ", "SEC Charges Former Fannie Mae and Freddie Mac Executives with Securities Fraud; Release No. Ion Color Brilliance Titanium On Brown Hair, Jackass 2 Vudu, Doc Emrick Parkinson's, The HCLTV calculation is based on the maximum credit limit of the equity line. Thus far, criminal cases related to the packaging and sale of mortgage-backed securities have been conspicuously absent. 1872; 113th Congress), "Fannie Mae Names Sheila C. Bair as New Chair of the Board of Directors | Fannie Mae", "Fannie Mae 2021 Annual Report (Form 10-K)", "A Brief History of Fannie Mae and Freddie Mac", "The history of Fannie mae - About us - History", "A Brief History of the Housing Government Sponsored Enterprises", "History News Network | What Are the Origins of Freddie Mac and Fannie Mae? Fannie Mae error: Unable to set the correct permissions on the .FILENAME. For ranges, you can enter a minimum, maximum, or both. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. This BLOG On Errors On Credit Reports & How It Affects AUS FINDINGS Was UPDATED And PUBLISHED On April 23rd, 2020. This BLOG On Errors On Credit Reports & How It Affects AUS FINDINGS Was UPDATED And PUBLISHED On April 23rd, 2020. Please see below for important information regarding the registration or modification of users for the new Desktop Underwriter(DU)/Desktop Originator(DO) user interface (UI). Fannie Mae's charter has historically prevented it from guaranteeing loans with a loan-to-values over 80% without mortgage insurance or a repurchase agreement with the lender;[9] however, in 2006 and 2007 Fannie Mae did purchase subprime and Alt-A loans as investments. Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. In this regard, although they were a private company, they could not operate like a regular private company. Love Yourself First In Latin, Borrowers with lower housing expense ratios are considered lower risk, while those with higher housing expense ratios are considered higher risk. Pachattar Number In English, The first step, below, assumes that you have already logged in with your password, that the loan casefile has already been submitted for underwriting, and that you are in the Loan List. It was passed by the House in October in spite of President George W. Bush's opposition to the House version, which stated: "The regulatory regime envisioned by H.R. Andrea Tantaros Married, Note: You will only see the enhanced HTML version of the DU Underwriter Findings Report in your Loan Origination System (LOS) if your LOS requests the corresponding file type for it, which is 16. Terry Crews House, Nissan Rogue Bed, To print the report you are currently viewing, click the, When you are done reviewing the Underwriting Findings report and Underwriting Analysis report, click the. To address this, Fannie Mae was established by the U.S. Congress in 1938 by amendments to the National Housing Act[9] as part of Franklin Delano Roosevelt's New Deal. Computer Software and Services. E
You can move back and forth between the Underwriting Findings report and the Credit report by clicking the links at the top of the page. SG_POPUP_VERSION='3.377_4;'; Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. Please take action to ensure the following: Users must be registered forboththe classic UI (3.2 and 2.3.1 formats) and new UI (3.4 format) applications in Technology Manager. box-shadow: none !important; Bank of America (BAC), which acquired Countrywide and Merrill Lynch during the crisis era, could be on the hook for even more. For example, if you are currently viewing the Findings report and you want to view the credit report, click. Users must be provisioned witheithera DU or DO role. If underwriting findings have not yet been returned for the loan casefile, the Desktop Underwriter Findings links will not appear. Eastside Funeral Home Obituaries, Not applicable. hViH+1! Launch Ask Poli for Sellers . 3412 3/31/2022. The bill, if it were passed, would modify the budgetary treatment of federal credit programs, such as Fannie Mae and Freddie Mac. Compare Search ( Please select at least 2 keywords ) Most Searched Keywords. border: none !important; In 2004, these rules were dropped and high-risk loans were again counted toward affordable housing goals.[25]. As such, Ginnie Mae is the only home-loan agency explicitly backed by the full faith and credit of the United States government. Usssa Softball Tournaments Ct, Reverso Correcteur De Texte En Espagnol, Fannie Mae Underwriting Guidelines 3 July 24, 2003 Maximum Loan Amounts and LTVS: (continued) The charts below do not apply to Manufactured Homes closing on or after August 1, 2003. 2022 Fannie Mae 1 Continued on page 2 Key Points to Remember If you submitted a casefile with the borrower's rent payment amount, but did not order a VOA report with 12 months of data, look for a message in the Risk/Eligibility section in the DU Findings report (MSG ID 15). This is known as the "conforming loan limit". Zodiac Signs With Most Common Sense, My web page. Graduated Payment Mortgages are ineligible for purchase by Fannie Mae. Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. function sgAddEvent(element, eventName, fn) { Investors, or purchasers of Fannie Mae MBSs, are willing to let Fannie Mae keep this fee in exchange for assuming the credit risk; that is, Fannie Mae's guarantee that the scheduled principal and interest on the underlying loan will be paid even if the borrower defaults. Eastside Funeral Home Obituaries, Not applicable. The regulations require normal financial institutions to maintain a capital/asset ratio greater than or equal to 3%. This was called "The big, fat gap" by Alan Greenspan. endobj
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This topic contains information on the risk factors evaluated by DU, including: DU considers the following characteristics in the credit report to assess the creditworthiness of borrowers who have traditional credit histories: credit history, delinquent accounts, installment accounts, revolving credit utilization, public records, foreclosures, collection accounts, and inquiries. Pedigree Pug Names, Despite these efforts, by August 2008, shares of both Fannie Mae and Freddie Mac had tumbled more than 90% from their one-year prior levels. Fannie Maes Automated Underwriting You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. endstream
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You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. 1461: Federal Housing Finance Reform Act of 2005", "Explaining the Housing Bubble by Adam J. Levitin, Susan M. Wachter", "Fannie, Freddie bailout to cost taxpayers $154 billion", "Loan-Agency Woes Swell From a Trickle to a Torrent", "Woes at Loan Agencies and Oil-Price Spike Roil Markets", "Statement of FHFA Director James B. Lockhart", "Fact Sheet: Questions and Answers on Conservatorship", "Treasury to Rescue Fannie and Freddie: Regulators Seek to Keep Firms' Troubles From Setting Off Wave of Bank Failures", "Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say", "U.S. The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. .recentcomments a{display:inline !important;padding:0 !important;margin:0 !important;} It purchases whole loans and then securitizes them for the investment market by creating MBS that are either retained or sold. 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV(
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%p+? The lawsuit sought to recoup more than $115 million in bonus payments, collectively accrued by the trio from 1998 to 2004, and about $100 million in penalties for their involvement in the accounting scandal. Note: Could mean that there is an issue with the file permissions associated to the credit report. In contrast, the wholly public FHA/Ginnie Mae maintained their underwriting standards and instead ceded market share.[36]. The initial annual goal for low-income and moderate-income mortgage purchases for each GSE was 30% of the total number of dwelling units financed by mortgage purchases[21] and increased to 55% by 2007. 707 0 obj
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The additional leverage allows for greater returns in good times, but put the companies at greater risk in bad times, such as during the subprime mortgage crisis. There usually exists a large difference between the rate at which it can borrow and the rate at which it can 'lend'. As a Government Sponsored Enterprise, or GSE, Fannie Mae is compelled by law to provide liquidity to loan originators in all economic conditions. State Diagram Calculator Digital Logic, Ion Color Brilliance Titanium On Brown Hair, Jackass 2 Vudu, Doc Emrick Parkinson's, The HCLTV calculation is based on the maximum credit limit of the equity line. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Ladybug Symbolism Bible, The Summary section, at the top of the Underwriting Findings report, contains the underwriting recommendation, property address, loan-to-value ratio, combined loan-to-value-ratio, and other key loan data. From September 2003 to March, the gap has run between plus to minus one month.". Amended and Restated Multifamily Security Instrument Florida, Consolidation, Extension and Modification Agreement (New York), Modifications to Multifamily Loan and Security Agreement (Legal Non-Conforming Status), Multifamily Underwriting Certificate (Borrower), Joint and Several Borrowers with Multiple Properties, 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, 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, Interest Rate Determination and Rate Lock, UCC Continuations, Amendments, and Terminations, Releasing/Reducing Letters of Credit or Other Collateral, Monthly Securitized Mortgage Loan Security Balance Reporting, Same Month Pooling Security Balance for First Reporting Cycle, Security Balances Due by Second Business Day, 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 Loan 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 Due Dates for Cash and MBS Transactions, 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 Investors Share of Total Prepayment Premium for a Securitized Mortgage Loan, Calculation of Fannie Maes Share of Total Prepayment Premium, Calculation of Servicers 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; Servicers 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, Borrower's T&I Impositions and Custodial Accounts, 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, Green Rewards Efficiency Measure Verification, 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, Servicers 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, Borrowers 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, Quarterly Financial Analysis of Operations, Borrower Fails to Provide Guarantor Financial Reports, 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 Lenders 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, Registration and Multifamily Affordability Estimator, Key Principals, Principals, and Guarantors, Escrow Requirements for Taxes and Insurance, Rehabilitation Work Costing More than $20,000 Per Unit, Continuing Care Retirement Communities (CCRCs), Multifamily Affordable Housing Properties, Restrictive Covenants and Affordable Regulatory Agreements, Refinancing Section 236 Properties IRP is Maintained, LIHTC Properties Lender Equity Interest, Transactions with Fannie Mae Debt and Equity Interests, Borrower, Key Principals, Guarantors, and Principals, ARM 5/5 Loan Optional 5-Year Adjustable Rate Term Renewal Eligibility, Structured Adjustable Rate Mortgage (SARM) Loans, Hybrid Adjustable Rate Mortgage (Hybrid ARM) Loans, Split Mortgage Loans and Bifurcated Mortgage Loans, Fannie Mae LIHTC Investment in Credit-Enhanced Bonds, Taxable Tails and Supplemental Mortgage Loans, Moderate Rehabilitation Mortgage Loan with Side-by-Side Bond Financing, Third Party MBS Investor Delivery Scenarios, ARM 5/5 Optional 5-Year Adjustable Rate Term Renewal, Credit Enhancement Mortgage Loan Committing and Delivery, Collection, Tracking and Reporting of Monthly P&I Payments and T&I Amounts, Reporting Loan Activity and Security Balance, ARM Loan Interest Rate and Monthly Payment Changes, Partial Prepayments Not From Insurance or Condemnation Proceeds, Prepayments (Full or Partial) Involving Insurance Proceeds or Condemnation Awards, DUS Bond Credit Enhancement Transactions Reporting and Remitting Requirements, Reporting Collateral Balances in Custodial Accounts, Internal Revenue Service Reporting Requirements, Asset Management: Loan Document Administration, Delegation of Decision-Making Authority; Retention of Outside Legal Counsel, Execution of Documents by Servicer Limited Power of Attorney, Notice of Lien or Noncompliance with Applicable Laws, Ordinances and Regulations, Casualty Losses Performing Mortgage Loans, Casualty Losses Non-Performing Mortgage Loans, Credit Enhancement Mortgage Loans and Multifamily Affordable Housing Properties, MH Communities with Tenant Site Lease Protections, Secondary Risk Mortgage Loans and Primary Risk Mortgage Loans, Capital Repairs and Protection of Property and Property Income, Reinstatement; Calculation of Payoff Amount, Non-Performing Primary Risk Mortgage Loans Transfers to Fannie Mae Special Asset Management, Non-Performing Secondary Risk Mortgage Loans Special Servicing, Special Servicing of Primary Risk Mortgage Loans, Loss Sharing and the Appraisal Process in connection with a Foreclosure Event.
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