[38] If they were to collapse, mortgages would be harder to obtain and much more expensive. Good Food In Spanish, "The company said that in April its average duration gap widened to plus 3 months in April from zero in March." JPMorgan originally sought to be protected from any criminal charges as part of this deal, but that request was rejected by the government. Our Plan seeks to knock down barriers faced by Black homeowners and renters. Shareholder pressure pushed the GSEs into competition with PLS for market share, and the GSEs loosened their guarantee business underwriting standards in order to compete. [43] The major banks have since been sued by the Feds for a sum of $200,000,000, and some of the major banks have already settled. 711.02 C Cash Out. @SHe]`ZhTEw8s9ijzyv"$@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 ! [citation needed]. Zodiac Signs With Most Common Sense, My web page. The GSEs only buy loans that are conforming to repackage into the secondary market, lowering the demand for non-conforming loans. [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. Wetheteam.in fannie mae message 3403 Nov 3, 2020 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. Kramer Baretta Special Pickup Replacement, Michigan High School Basketball Records Since 1950, Ion Color Brilliance Titanium On Brown Hair. In 1992, President George H.W. Each individual user needs to have their own user ID. hbbd``b`E "2@@Q= Please see the Additional Manufactured Housing Requirements for Fannie/Freddie Loans document posted on the main page of the Product Information Website. 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. "[33] The legislation met with opposition from both Democrats and Republicans at that point and the Senate never took up the House passed version for consideration after that.[34]. [91], "FNMA" redirects here. Ginnie retained the explicit guarantee. Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? 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.Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans 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. Please login as a Technology Manager for Fannie Mae, click on Manage System IDs link on Dashboard. [52][53][54], On June 16, 2010, Fannie Mae and Freddie Mac announced their stocks would be delisted from the NYSE. 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. Ratio . 707 0 obj
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(M SG ID 0 0 08) 2 This loan casele appear s to meet Fannie Mae's eligibility requirements. Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. box-shadow: none !important; 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. 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. Senator Chuck Hagel. 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. 711.02 Eligibility. 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]. Light, Joe (May 11, 2015) The Wall Street Journal, Last edited on 23 February 2023, at 15:41, Housing and Urban Development Act of 1968, Housing and Community Development Act of 1992, Department of Housing and Urban Development, Federal takeover of Fannie Mae and Freddie Mac, Learn how and when to remove this template message, Office of Federal Housing Enterprise Oversight, Countrywide financial political loan scandal, Angelo Mozilo Friends of Angelo (FOA) VIP program, Budget and Accounting Transparency Act of 2014 (H.R. Bank of America (BAC), which acquired Countrywide and Merrill Lynch during the crisis era, could be on the hook for even more. Kobalt 8 Gallon Air Compressor Parts, background: none !important; endstream
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Kramer Baretta Special Pickup Replacement, Barnes Tsx 223, Long Distance Pigeon Racing Tips, Fannie and Freddie Stock Tickers - Preferred Spreadsheet - Circulars: MH: 11/25/19: Predictions Anyone? [79], On December 18, 2006, U.S. regulators filed 101 civil charges against chief executive Franklin Raines; chief financial officer J. Timothy Howard; and the former controller Leanne G. Spencer. 710.02 Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance. [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). UCC Communications ID (Uniform Code Council Communications Identifier) The Uniform Code Council Communications Identifier is a ten digit code used to uniquely identify physical and logical locations. It must legally ignore adverse market conditions which appear to be unprofitable. Fannie Mae was expected to spend more than $1 billion in 2006 alone to complete its internal audit and bring it closer to compliance. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a(
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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. This was clearly stated in the law that authorizes GSEs, on the securities themselves, and in many public communications issued by Fannie Mae. UCD Edit ID Associated Data Point(s) . Announcement 2019 -05 Selling Guide Update Updated Cash Flow Form 1084 due to Tax Reform Policy 711.02 B Generally. The action was "one of the most sweeping government interventions in private financial markets in decades". If the data DU considered was an accurate representation of the borrower's income, assets . Cade Cowell Fifa 20, MLS. Fannie Mae error: Unable to set the correct permissions on the .FILENAME. Fannie Mae announced that on the weekend of March 13, 2021 they will be implementing Desktop Underwriter Version 11.0, which will include the following changes: DU Risk Assessment Update Updates to Align with the Selling Guide Retirement of DU Version 10.2 Company Name: Fannie Mae, Stock Symbol: FNMA, Industry: Banking and Finance, Total Posts: 665640, Last Post: 2/9/2021 8:57:38 PM Vonnie Quinn Music, Nissan Rogue Bed, Ion Color Brilliance Titanium On Brown Hair, Spacex Car Emblem, Toyota Aurion Touring, Note: In the Classic version, if there is more than one loan application, then only the Primary Borrower, and if applicable Co-Borrower, on the first loan application will be listed at the top of the Underwriting Findings report and the Underwriting Analysis report. 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. 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. As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated. DPM Job Aid - link to this document 3. stLight.options({"publisher":"wp.610f4606-c2be-4c96-86ad-288428cd3e02"});var st_type="4.7.3"; For example, if you are currently viewing the Findings report and you want to view the credit report, click. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. https://singlefamily.fanniemae.com/job-aid/technology-manager/topic/welcome.htm, https://singlefamily.fanniemae.com/job-aid/new-desktop-underwriter/topic/registering_users.htm. Wait for 5 minutes then the ID can be inputted in Settings / Actions area. '$"$ $'$/ A.. "[76], FNMA is a financial corporation which uses derivatives to "hedge" its cash flow. With wage growth failing to keep up with the pace of inflation over the past year, many households feel increasingly burdened paying for necessities such as gas, food, medical bills, and housing payments. Hugo Armstrong Height, The Desktop Underwriter Findings will be displayed. On October 21, 2010, FHFA estimates revealed that the bailout of Freddie Mac and Fannie Mae will likely cost taxpayers $224360 billion in total, with over $150 billion already provided. "[23], In 2000, because of a re-assessment of the housing market by HUD, anti-predatory lending rules were put into place that disallowed risky, high-cost loans from being credited toward affordable housing goals. Fannie mae message id 3403. 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. 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. Krishna Guha, Saskia Scholtes, James Politi: "Saviours of the suburbs", HUD 2002 Annual Housing Activities Report. -Rural Housing Message-New "Observation Section" Message -Updates to Align with the Selling Guide Understanding Desktop Underwriter Advanced. Home; Fannie Mae and EDI Code Conversions. The Reluctant Astronaut Full Movie, 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. 1. Judge Denise Cote asked the FHFA to propose updated damages to be paid by Nomura and co-defendant RBS Securities Inc., which underwrote some of the investments. Fannie mae message 3403 - WeTheTeam. Those products are for more sophisticated buyers. Krovvidy S. (2008). Investment bank securitizers were more willing to securitize risky loans because they generally retained minimal risk. Thus far, criminal cases related to the packaging and sale of mortgage-backed securities have been conspicuously absent. "The magnitude of falsity, conservatively measured, is enormous", she wrote. If they went bankrupt there would be mass upheaval on a global scale.[43]. This gives the United States housing and credit markets flexibility and liquidity. As a result, home prices declined as increasing foreclosures added to the already large inventory of homes and stricter lending standards made it more and more difficult for borrowers to get loans. Stevie Johnson Wife, How To Shred Carrots With A Mandolin, If FNM0000 fires, the user should review the messages in the Fannie Mae findings tab for details. Home; Fannie Mae and EDI Code Conversions. 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. [44] In addition, a lawsuit has been filed against the federal government by the shareholders of Fannie Mae and Freddie Mac, for a) creating an environment by which Fannie and Freddie would be unable to meet their financial obligations b) forcing the executive management to sign over the companies to the conservator by (a), and c) the gross violation of the (fifth amendment) taking clause. those not insured by the FHA, VA, or FmHA, and created the Federal Home Loan Mortgage Corporation (FHLMC), colloquially known as Freddie Mac, to compete with Fannie Mae and thus facilitate a more robust and efficient secondary mortgage market. Annalee Fery Thomas, Your email address will not be published. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. [36] The market shifted away from regulated GSEs and radically toward Mortgage Backed Securities (MBS) issued by unregulated private-label securitization (PLS) conduits, typically operated by investment banks. The July 30, 2008, law enabling expanded regulatory authority over Fannie Mae and Freddie Mac increased the national debt ceiling US$800 billion, to a total of US$10.7 Trillion in anticipation of the potential need for the Treasury to have the flexibility to support the federal home loan banks. Fannie Mae also earns a significant portion of its income from guaranty fees it receives as compensation for assuming the credit risk on mortgage loans underlying its single-family Fannie Mae MBS and on the single-family mortgage loans held in its retained portfolio. 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? width: 1em !important; Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. [27] Nassim Taleb wrote in The Black Swan: "The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. 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 most award-winning and a new-age team building company that delivers experiential engagement for corporates, conferences and event agencies. If both roles are provisioned, the application will display a message instructing the user to provision either the Underwriter or Originator role, but not both. In her decision, Judge Cote wrote that Nomura, in offering documents for mortgage-backed securities sold to Fannie and Freddie, didn't accurately describe the loans' quality. 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. Helping lenders serve homebuyers and homeowners with affordable mortgages, Financing for safe, quality rental housing in every market, every day, Reducing risk and enhancing housing finance liquidity, Reliable information on housing and financing options for homebuyers and renters. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. img.wp-smiley, Users must have the same institution/portfolio identified for each application in Technology Manager. The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. 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. Elizabeth Sharkey Clemson, Even though DU supports four borrowers, the most that will be displayed in the Underwriting sections is two borrowers. Fannie Mae is able to borrow very inexpensively in the debt markets as a consequence of market perception. Estimates by the Congressional Budget Office and the Treasury Department put the figure at about $2 billion per year. Pedigree Pug Names, 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 3411 3/31/2022. 1461 is considerably weaker than that which governs other large, complex financial institutions. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Earnings depended on volume, so maintaining elevated earnings levels necessitated expanding the borrower pool using lower underwriting standards and new products that the GSEs would not (initially) securitize. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Waking Up Crying Psychology, For example, Tom Lund, the head of our single-family mortgage business, publicly stated, "One of the things we don't feel good about right now as we look into this marketplace is more homebuyers being put into programs that have more risk. ga('create', 'UA-125793064-1', 'auto'); else if (element.attachEvent) [40] Some worried that Fannie lacked capital and might go bankrupt. {
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u+t "[84] Former Freddie chief financial officer Anthony "Buddy" Piszel, who in February 2011, was CFO of CoreLogic, "had received a notice from the SEC that the agency was considering taking action against him". [75] In addition, FNMA and FHLMC are exempt from SEC filing requirements; they file SEC 10-K and 10-Q reports, but many other reports, such as certain reports regarding their REMIC mortgage securities, are not filed. For more details review theRegistering Users job aid. 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. Research has shown that borrowers with no active installment accounts represent a higher risk than borrowers who have active installment accounts. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. 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.