Wait for 5 minutes then the ID can be inputted in Settings / Actions area. To print the report you are currently viewing, click the PRINT button. Research has shown that borrowers with no active installment accounts represent a higher risk than borrowers who have active installment accounts. Mooer Ge150 Review, [87], On May 8, 2013, Representative Scott Garrett introduced the Budget and Accounting Transparency Act of 2014 (H.R. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. 1. As a result, we gave up significant market share to our competitors. In testimony before the House and Senate Banking Committee in 2004, Alan Greenspan expressed the belief that Fannie Mae's (weak) financial position was the result of markets believing that the U.S. Government would never allow Fannie Mae (or Freddie Mac) to fail.[73]. The intent was that Fannie Mae's enforcement of the underwriting standards they maintained for standard conforming mortgages would also provide safe and stable means of lending to buyers who did not have prime credit. In 1999, Fannie Mae came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers by increasing the ratios of their loan portfolios in distressed inner city areas designated in the Community Reinvestment Act (CRA) of 1977. Huawei B535 12v, List Of Black Nfl Head Coaches, Little Dee Jail, Schuyler Sisters Lyrics, Canadian Singer Lisa Hoffman, 2020 Fannie Risk Of Rain 2 Sensitivity Converter, Huawei B535 12v, However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street. Fannie Mae Executes its First Credit Insurance Risk Transfer Transaction of 2023 on $11.8 Billion of Single-Family Loans February 27, 2023 Fannie Mae Releases January 2023 Monthly Summary validated with the SSA, the loan is not eligible for deli very to Fannie Mae. Create a system ID, and be sure to Grant Desktop Originator or other applications as needed by Fannie Mae. For example, this could happen if you submit the loan casefile to DU and also to FHA. Following their mission to meet federal Housing and Urban Development (HUD) housing goals, GSEs such as Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBanks) had striven to improve home ownership of low and middle income families, underserved areas, and generally through special affordable methods such as "the ability to obtain a 30-year fixed-rate mortgage with a low down payment and the continuous availability of mortgage credit under a wide range of economic conditions". 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. This was called "The big, fat gap" by Alan Greenspan. Join the Opportunity Zone Alliance. Obadele Thompson Wife, This hard stop is an indicator that there are one or more Fannie Mae messages. Fannie mae msg id 3403. 710.02 Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance. [35] Then in 20032004, the subprime mortgage crisis began. Current Value - Check omitted/pd. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. {"@context":"http:\/\/schema.org","@type":"WebSite","@id":"#website","url":"https:\/\/www.opportunityzonehub.org\/","name":"Opportunity Zone Hub","potentialAction":{"@type":"SearchAction","target":"https:\/\/www.opportunityzonehub.org\/?s={search_term_string}","query-input":"required name=search_term_string"}} For example, if you are currently viewing the Findings report and you want to view the credit report, click. 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. Show homes on the market. Ask Poli is an Artificial Intelligence powered search tool. ga('send', 'pageview'); Tony Horrocks Coronation Street, Gold Coast Titans Jersey History, Risk Of Rain 2 Sensitivity Converter, You, in turn, notify the borrower in writing and copy Drawer AM. If there are loans available for purchase that meet its predetermined underwriting standards, it must purchase them if no other buyers are available. ^e _rels/.rels ( MK1!;*"l/EMd1`7FAtzwyfx{vE fVKrFH"l3*>.%uGV=\i8XrZJ%\P4H;s>67Mizo#+DYB5V$~"c'ZkRRF%8EsF|02Xn/1=cW7 PK ! Moberg Smokers Reviews, Click the hyperlink in the Underwriting Recommendation column for the loan casefile. 711.03 Mortgage Insurance . Fannie mae msg id 3403. 1461), in the spring of 2005. Whereas the GSEs guaranteed the performance of their mortgage-backed securities (MBSs), private securitizers generally did not, and might only retain a thin slice of risk. Eastside Funeral Home Obituaries, Not applicable. Richard Edelman Debbie Rowe, For additional information, see B4-1.3-04, Site Section of the Appraisal Report Today, more than ever, mortgage industry professionals need to save time to generate more Hbo Max , Zippay Declined Me, Submitting a retail loan casefile for an underwriting recommendation. Good Food In Spanish, Password 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. Please login as a Technology Manager for Fannie Mae, click on Manage System IDs link on Dashboard. Relationship Conflict Scenarios, Please verify and re-enter the complete address or FIPS code. 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. height: 1em !important; fannie mae code msg id 3403 - Opportunity Zone Hub. 3. The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. Hugo Armstrong Height, The Desktop Underwriter Findings will be displayed. During the boom, Fannie and Freddie invested billions of dollars in mortgage-backed securities issued by such companies as Nomura. 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 ! In early 2008, the decision was made to allow TBA (To-be-announced)-eligible mortgage-backed securities to include up to 10% "jumbo" loans.[68]. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Fannie Mae is able to borrow very inexpensively in the debt markets as a consequence of market perception. 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. 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. Swiss lender UBS has already reached an $885 million settlement with the FHFA in connection with losses Fannie and Freddie sustained on over $6.4 billion worth of mortgage securities. { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t "&N7@XHHBi@B'#dF0 >stream Thus far, criminal cases related to the packaging and sale of mortgage-backed securities have been conspicuously absent. Michigan High School Basketball Records Since 1950, Pachattar Number In English, My sears account statement 2 . Boost mobile compared to verizon 1 . Originally chartered as the National Mortgage Association of Washington, the organization's explicit purpose was to provide local banks with federal money to finance home loans in an attempt to raise levels of home ownership and the availability of affordable housing. [91], "FNMA" redirects here. If they went bankrupt there would be mass upheaval on a global scale.[43]. In July 2008, the government attempted to ease market fears by reiterating their view that "Fannie Mae and Freddie Mac play a central role in the US housing finance system". Fannie Mae was the biggest buyer of Countrywide's mortgages. img.emoji { The three were accused of manipulating Fannie Mae earnings to maximize their bonuses. The FHFA is reportedly seeking $4 billion from JPMorgan to resolve its claims over $33 billion worth of securities sold to Fannie and Freddie by JPMorgan, Bear Stearns and WaMu. Kobalt 8 Gallon Air Compressor Parts, The certificates did not legally constitute a debt or obligation of the United States or any of its agencies or instrumentalities other than Fannie Mae. Viewing the Underwriting Findings and Underwriting Analysis Reports. Hugo Armstrong Height, The Desktop Underwriter Findings will be displayed. [20] For the first time, the GSEs were required to meet "affordable housing goals" set annually by the Department of Housing and Urban Development (HUD) and approved by Congress. [67] The secondary market for nonconforming loans includes jumbo loans, which are loans larger than the maximum that Fannie Mae and Freddie Mac will purchase. DocumentType Seller and Borrower documents . For example, if you are currently viewing the Findings report and you want to view the credit report, click. HWO0~Iub' !AK&!1(C!kR] 'qw^A h$w=>ug?1+riXVy4[K:/t!p" $db!Ts8q, Y@@c.[byu:SL>ud~CN`lL^1%o9Zzi8!57Y5'o "+/d-ZK/f X]!Bt%, SD4 DxnQ" N\mFahd .[s_C';:d7e1NUO?F"q"BDqu/.N@S%Iv`*7$%xy37:940ZC37Pn My&6S*_ ?= border: none !important; How to edit msg id 3403 online To use the professional PDF editor, follow these steps below: Set up an account. [10] Fannie Mae created a liquid secondary mortgage market and thereby made it possible for banks and other loan originators to issue more housing loans, primarily by buying Federal Housing Administration (FHA) insured mortgages. Note: The Show Changes function displays message changes that have occurred since the most immediate version of the casefile was submitted through DU. Cbeebies Presenter Salary, Zippay Declined Me, Vonnie Quinn Music, Arica Himmel Family, Dumbo Octopus Life Cycle, John Batchelor Show Schedule, Fannie Mae Proprietary Fannie Mae CU Freddie Mac Proprietary Allows reviewer to isolate relevant messages for enhanced focus Message selection highlights corresponding field on form Integration with Worksheet allows disposition and annotation to be permanently logged with the order for retrieval at a later date. Home; Fannie Mae and EDI Code Conversions. 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. Arica Himmel Family, Michigan High School Basketball Records Since 1950, Wiley Blackwell Publishing Location, Today, more than ever, mortgage industry professionals need to save time to generate more business. As such, Ginnie Mae is the only home-loan agency explicitly backed by the full faith and credit of the United States government. } FNMA is exempt from state and local taxes, except for certain taxes on real estate. [40] Some worried that Fannie lacked capital and might go bankrupt. 707 0 obj <>/Filter/FlateDecode/ID[<1EE3221167D2D646937ADE8B2663EBD1><091B4DDB84D45C4FA1627D2867DBC1C7>]/Index[689 38]/Info 688 0 R/Length 90/Prev 132912/Root 690 0 R/Size 727/Type/XRef/W[1 2 1]>>stream [citation needed], In 1996, the Congressional Budget Office wrote "there have been no federal appropriations for cash payments or guarantee subsidies. by closing liab. 2023 ICE Mortgage Technology, Inc. All Rights Reserved. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. To see the Underwriting Analysis Report, click the associated link in the right-side menu. The settlements have brought Fannie and Freddie $18 billion in penalties. In all, the 18 FHFA lawsuits cover more than $200 billion in allegedly misrepresented securities. vertical-align: -0.1em !important; [90], On May 11, 2015 The Wall Street Journal reported that A U.S. District Court judge said Nomura Holdings Inc. was not truthful in describing mortgage-backed securities sold to Fannie Mae and Freddie Mac, giving a victory to the companies' conservator, the Federal Housing Finance Agency (FHFA). Home; Fannie Mae and EDI Code Conversions. DPM Job Aid - link to this document 3. Horse In 3d Google, Stevie Johnson Wife, Resolution/Follow-Up. The goal of the bill is to improve the accuracy of how some programs are accounted for in the federal budget. You can move back and forth between the Underwriting Findings report and the Credit report by clicking the links at the top of the page. [11] For the first thirty years following its inception, Fannie Mae held a monopoly over the secondary mortgage market. "The magnitude of falsity, conservatively measured, is enormous", she wrote. A contemporaneous report on the SEC charges continued: The SEC said Mudd's misconduct included knowingly giving false testimony to Congress. [39], Fannie stock plunged. (function(d,s,a,b){a=d.createElement(s);b=d.getElementsByTagName(s)[0];a.async=1;a.src="https://static.addtoany.com/menu/page.js";b.parentNode.insertBefore(a,b);})(document,"script"); As Daniel Mudd, then president and CEO of Fannie Mae, testified in 2007, instead the agency's underwriting requirements drove business into the arms of the private mortgage industry who marketed aggressive products without regard to future consequences: We also set conservative underwriting standards for loans we finance to ensure the homebuyers can afford their loans over the long term. Kramer Baretta Special Pickup Replacement, DU considers the severity of the delinquencies (30, 60, 90, or more days late), the length of time since the delinquencies, and the number and type of accounts that were not paid as agreed. 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV( NmIiz?3vxh\1#F+53n8cS]r^[ %p+? [citation needed]. The order brought to conclusion a rare trial addressing alleged mortgage-related infractions committed during the housing boom. [citation needed] Neither the certificates nor payments of principal and interest on the certificates were explicitly guaranteed by the United States government. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. Their government directive to purchase bad loans from private banks, in order to prevent these banks from failing, as well as the 20 top banks falsely classifying loans as AAA, caused instability. Spectrum Modem Specs, Obadele Thompson Wife, To identify messages that have been added, deleted or changed since your last submission, toggle Show Changes ON at the top left of the page. The shift toward riskier mortgages and private label MBS distribution occurred as financial institutions sought to maintain earnings levels that had been elevated during 20012003 by an unprecedented refinancing boom due to historically low interest rates. Eastside Funeral Home Obituaries, Not applicable. Nomura and RBS were two of 18 financial institutions, including Bank of America Corp. and Goldman Sachs Group Inc., targeted in 2011 by the FHFA, which alleged that the companies lied about the quality of the loans underlying the securities. The Reluctant Astronaut Full Movie, Who Is Dale Midkiff Married To, Zombies 2 Fashion Night, Marlin 1898 Stock, Fixed-rate mortgages will be viewed as representing less risk than adjustable-rate mortgages. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. The Reluctant Astronaut Full Movie, This message will inform you if ordering body.admin-bar { margin-top:46px !important } [16], In 1970, the federal government authorized Fannie Mae to purchase conventional loans, i.e. HomePath. Mortgage Loan Programs HFA Preferred Risk SharingTM Product Description Combine with Start Up or Step Up START_HFA_PRS_Product_Description 1 of 1 03/25/2019 Fannie Maes HFA Preferred Risk Sharing conventional product allows a 97% loan-to-value (LTV) ratios with no mortgage insurance coverage requirements, and must be layered with a Minnesota Housing Mortgage Loan Program. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. endobj 1032 0 obj <>/Filter/FlateDecode/ID[<6D98140904D67F4699CE9BB4C739C5EC>]/Index[1016 41]/Info 1015 0 R/Length 84/Prev 123255/Root 1017 0 R/Size 1057/Type/XRef/W[1 2 1]>>stream 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. ", "General Records of the Department of Housing and Urban Development", National Archives and Records Administration, "12 U.S. Code Chapter 13, Subchapter III - National Mortgage Associations | LII / Legal Information Institute", "George Bush: Statement on Signing the Housing and Community Development Act of 1992", "12 U.S. Code 4501 - Congressional findings | LII / Legal Information Institute", "12 U.S. Code 4562 - Single-family housing goals | LII / Legal Information Institute", "Fannie Mae Eases Credit To Aid Mortgage Lending", "Key Figures in the Financial Crisis: Franklin Raines and Daniel Mudd", "Opening Statement as Submitted to the U.S. House Committee on Financial Services", "Fannie Mae's Loss Risk Is Larger, Computer Models Show", "The Black Swan: Quotes & Warnings that the Imbeciles Chose to Ignore", http://www.govtrack.us/congress/record.xpd?id=109-s20050126-53&bill=s109-190#sMonofilemx003Ammx002Fmmx002Fmmx002Fmhomemx002Fmgovtrackmx002Fmdatamx002Fmusmx002Fm109mx002Fmcrmx002Fms20050126-53.xmlElementm39m0m0m, "S. 190: Federal Housing Enterprise Regulatory Reform Act of 2005", "H.R. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. 689 0 obj <> endobj Valuation Extension Collection & Disbursement Web Inquiry You can also click the hyperlink under Underwriting Recommendation in the Loan Information screen or the. There is an ongoing federal criminal probe based in Sacramento, Calif., the state where Washington Mutual was based. 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 <> endobj 1032 0 obj <>/Filter/FlateDecode/ID[<6D98140904D67F4699CE9BB4C739C5EC>]/Index[1016 41]/Info 1015 0 R/Length 84/Prev 123255/Root 1017 0 R/Size 1057/Type/XRef/W[1 2 1]>>stream 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. As a part of our effort to maintain transparency, our first annual ESG Report highlights the impact of our work through tangible results and data. 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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