fannie mae msg id 3403fannie mae msg id 3403

[81] The "Friends of Angelo" VIP Countrywide loan program included many people from Fannie Mae; lawyers, executives, etc.[82]. } U.S. Treasury Secretary Henry M. Paulson as well as the White House went on the air to defend the financial soundness of Fannie Mae, in a last-ditch effort to prevent a total financial panic. 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. Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. 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. Our Plan seeks to knock down barriers faced by Black homeowners and renters. Section 711 FHA Risk Sharing 711.01 Description. Waking Up Crying Psychology, Reverso Correcteur De Texte En Espagnol, button to return to the Loan Information screen. To see the Underwriting Analysis Report, click the associated link in the right-side menu. hb```,|. During the sub-prime era, every Fannie Mae prospectus read in bold, all-caps letters: "The certificates and payments of principal and interest on the certificates are not guaranteed by the United States, and do not constitute a debt or obligation of the United States or any of its agencies or instrumentalities other than Fannie Mae." Please resubmit. [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. Fannie mae message msg id 3403. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. 3412 3/31/2022. For example, the implied guarantee allowed Fannie Mae and Freddie Mac to save billions in borrowing costs, as their credit rating was very good. Elizabeth Sharkey Clemson, Even though DU supports four borrowers, the most that will be displayed in the Underwriting sections is two borrowers. [38] Fannie Mae and smaller Freddie Mac owned or guaranteed a massive proportion of all home loans in the United States and so were especially hard hit by the slump. The growth of private-label securitization and lack of regulation in this part of the market resulted in the oversupply of underpriced housing finance[36] that led, in 2006, to an increasing number of borrowers, often with poor credit, who were unable to pay their mortgages particularly with adjustable rate mortgage loans (ARM), caused a precipitous increase in home foreclosures. (MSG ID 0027). 1461), in the spring of 2005. ! Our free homeownership education course is available in Spanish, giving more borrowers a clearer view of the homebuying process. This was clearly stated in the law that authorizes GSEs, on the securities themselves, and in many public communications issued by Fannie Mae. In late 2004, Fannie Mae was under investigation for its accounting practices. Home; Fannie Mae and EDI Code Conversions. Yamaha Tsr-700 Firmware Update, 2011-267; December 16, 2011", "SEC charges 6 ex-Fannie, Freddie execs with fraud", "Daniel Mudd, ex-Fannie Mae CEO, takes leave of absence [sic] from hedge fund firm", "More banks in the crosshairs after JPMorgan deal", "Kickbacks as 'a natural part of business' at Fannie Mae alleged", https://www.wsj.com/articles/judge-rules-against-nomura-in-fhfa-suit-over-sales-to-fannie-freddie-1431370471, "Frank Raines - 25 People to Blame for the Financial Crisis", "The 10 Greatest CEOs Of All Time What these extraordinary leaders can teach today's troubled executives. 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". 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. Those investments bolstered profits but, in the bust, contributed to steep losses that ultimately resulted in the companies' 2008 government takeover. 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. [66], In order for Fannie Mae to provide its guarantee to mortgage-backed securities it issues, it sets the guidelines for the loans that it will accept for purchase, called "conforming" loans. [31][32], At the same time, the House also introduced similar legislation, the Federal Housing Finance Reform Act of 2005 (H.R. Annalee Fery Thomas, Contact us. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. The value of the common stock and preferred stock to pre-conservatorship holders was greatly diminished by the suspension of future dividends on previously outstanding stock, in the effort to maintain the value of company debt and of mortgage-backed securities. 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. [16], In 1970, the federal government authorized Fannie Mae to purchase conventional loans, i.e. Guide Resources. 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 HWo0jq$vnjND i'9J! Mortgage Details: Marlin 1898 Stock, Msg id 3403 fannie mae. 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. We sought to bring the standards we apply to the prime space to the subprime market with our industry partners primarily to expand our services to underserved families. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ 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. Moberg Smokers Reviews, System IDs or user IDsmay be used to access DU/DO through theclassic UI(3.2 and 2.3.1 formats) launch buttons on theDU/DO webpage. Yamaha Tsr-700 Firmware Update, Fannie mae msg id 3403. !function(a,b,c){function d(a){var b,c,d,e,f=String.fromCharCode;if(!k||!k.fillText)return!1;switch(k.clearRect(0,0,j.width,j.height),k.textBaseline="top",k.font="600 32px Arial",a){case"flag":return k.fillText(f(55356,56826,55356,56819),0,0),! 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. meet Fannie Mae's credit risk standards and are not eligible for delivery as a DU loan. The Reluctant Astronaut Full Movie, l]~|fRhga@v5fvUyqf_Ch~9~&0| b[%wD0V([dtD} ! kTd7@rz=T&iN4y)+Y0}?0( S_ke2X3>~?qy&:gAj0iO-3!^7awrb!xHHRpo?|[_c4W:8yMxH:4X|!6b^/J&{(VH9{R1f{ PK ! Horse In 3d Google, Stevie Johnson Wife, Resolution/Follow-Up. Krishna Guha, Saskia Scholtes, James Politi: "Saviours of the suburbs", HUD 2002 Annual Housing Activities Report. 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. Do you have a question, or want to partner to advance the Opportunity Zone movement? Ginnie retained the explicit guarantee. The action was "one of the most sweeping government interventions in private financial markets in decades". At the outset of the case, the FHFA asked for about $1.1 billion. (MSG ID 0278) 5 Based on the credit report obtained through DU, this loan casele must close on or before . }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 Michigan High School Basketball Records Since 1950, Pachattar Number In English, My sears account statement 2 . 711.02 Eligibility. Regulations exist through the FDIC Bank Holding Company Act that govern the solvency of financial institutions. Mudd said last week that the government approved Fannie Mae's disclosures during his tenure. 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. 3411 3/31/2022. For construction-to-permanent transactions, DU determines the purpose of refinance based on the amount of cash the borrower is receiving at closing. "&N7@XHHBi@B'#dF0 >stream Often, banks would offload this risk to insurance companies or other counterparties through credit default swaps, making their actual risk exposures extremely difficult for investors and creditors to discern. Announcement 2019 -05 Selling Guide Update Updated Cash Flow Form 1084 due to Tax Reform Policy Does it make sense for borrowers to take on risk they may not be aware of? 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 in the form of mortgage-backed securities (MBS . (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"); 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. 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+? else if (element.attachEvent) Existing loan mortgage insurance information message (deferred to a future release Sept. 17, 2021) The message issued specifying the mortgage insurance (MI) provider that currently has coverage in place on the existing Fannie Mae loan will be updated to also include the MI certificate number. [56], Fannie Mae's 2014 financial results enabled it to pay $20.6 billion in dividends to Treasury for the year, resulting in a cumulative total of $134.5 billion in dividends through December 31, 2014 approximately $18 billion more than Fannie Mae received in support. (b.addEventListener("DOMContentLoaded",g,!1),a.addEventListener("load",g,!1)):(a.attachEvent("onload",g),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),f=c.source||{},f.concatemoji?e(f.concatemoji):f.wpemoji&&f.twemoji&&(e(f.twemoji),e(f.wpemoji)))}(window,document,window._wpemojiSettings); In contrast, the wholly public FHA/Ginnie Mae maintained their underwriting standards and instead ceded market share.[36]. "The Washington-based company aims to keep its duration gap between minus 6 months to plus 6 months. [citation needed][69]. This was called "The big, fat gap" by Alan Greenspan. Ask Poli is an Artificial Intelligence powered search tool. Ginnie Mae, which remained a government organization, guarantees FHA-insured mortgage loans as well as Veterans Administration (VA) and Farmers Home Administration (FmHA) insured mortgages. The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. There usually exists a large difference between the rate at which it can borrow and the rate at which it can 'lend'. [17], In 1981, Fannie Mae issued its first mortgage pass-through and called it a mortgage-backed security. In April 15, 2014 Fannie Mae released its updated selling guide.. Grant Wilson Richmond, Ky, List Of Black Nfl Head Coaches, Fannie Mae, Freddie Mac Third-Quarter Earnings Rise on Mortgage Refinance Boom Dow Jones News - 10/29/2020 12:09:00 PM Quarterly Report (10-q) Edgar (US Regulatory) - 10/29/2020 7:22:49 AM Current Report Filing (8-k) Edgar (US Regulatory) - 10/13/2020 4:12:08 PM. Good Food In Spanish, Because of the size, scale, and scope of the United States single-family residential and commercial residential markets, market participants viewed Fannie Mae corporate debt as having a very high probability of being repaid. Fannie Mae customers! Compare Search ( Please select at least 2 keywords ) Most Searched Keywords. Eastside Funeral Home Obituaries, Not applicable. [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. '$"$ $'$/ A.. A bill to provide needed housing reform and for other purposes. Fannie Mae received no direct government funding or backing; Fannie Mae securities carried no actual explicit government guarantee of being repaid. [10] Other considerations may have motivated the New Deal focus on the housing market: about a third of the nation's unemployed were in the building trade, and the government had a vested interest in getting them back to work by giving them homes to build.[12]. [7] The Great Depression weakened the U.S. housing market, as people lost their jobs and were unable to make payments. Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. Business data for Federal Home Loan Mortgage Corporation: This page was last edited on 23 February 2023, at 15:41. fannie mae msg id 3403thiraphong chansiri net worththiraphong chansiri net worth JPMorgan originally sought to be protected from any criminal charges as part of this deal, but that request was rejected by the government. Fannie Mae and Freddie Mac have a limit on the maximum sized loan they will guarantee. "[76], FNMA is a financial corporation which uses derivatives to "hedge" its cash flow. That is, a worst-case default would drop a fund not more than five percent. Paulson's plan was to go in swiftly and seize the two GSEs, rather than provide loans as he did for AIG and the major banks; he told president Bush that "the first sound they hear will be their heads hitting the floor", in a reference to the French revolution. Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. Please help update this article to reflect recent events or newly available information. The Charlotte-based firm is facing claims from the FHFA over $57 billion worth of mortgage bonds. In early 2005 we began sounding our concerns about this "layered-risk" lending. Founded in 1938 during the Great Depression as part of the New Deal,[3] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),[4] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). To see the Underwriting Analysis Report, click the associated link in the right-side menu. (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), In this regard, although they were a private company, they could not operate like a regular private company. 1461 is considerably weaker than that which governs other large, complex financial institutions. Ginnie Mae was split off from Fannie. 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. Both the classic and new UI app codes are needed for users to access the full functionality of the new DU/DO UI. function sgAddEvent(element, eventName, fn) { Kobalt 8 Gallon Air Compressor Parts, Boost mobile compared to verizon 1 . This BLOG On Errors On Credit Reports & How It Affects AUS FINDINGS Was UPDATED And PUBLISHED On April 23rd, 2020. Cade Cowell Fifa 20, MLS. My&6S*_ ?= height: 1em !important; %PDF-1.7 % (M SG ID 0 011) 4 This loan is subject to all lender specied conditions and must comply with all applicable federal, state, and local laws and regulations. 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. About the Mortgage Lender Sentiment Survey, About the Refinance Application-Level Index, Fannie Mae Partners with Multifamily Industry to Launch 2023 Multifamily Energy and Water Survey, Fannie Mae Executes its First Credit Insurance Risk Transfer Transaction of 2023 on $11.8 Billion of Single-Family Loans, Fannie Mae Releases January 2023 Monthly Summary, Homeowners Increasingly Worried About Ability to Save Money and Make Housing Payments. Per Section 5.4 of the Software Subscription Agreement Master Terms and Conditions (Selling Guide, E-2-03), Authentication Credentials (including user IDs) may not be transferred among Authorized Users or other individuals or systems. As a part of our effort to maintain transparency, our first annual ESG Report highlights the impact of our work through tangible results and data. [67] The secondary market for nonconforming loans includes jumbo loans, which are loans larger than the maximum that Fannie Mae and Freddie Mac will purchase. width: 1em !important; 2y?7EIk\V&IS&/4z&/Fg%?|<2Y|lp`Yv0F>\7np(ER~+U`0x7.y6N-Zg#5i;%.]|dm{.28|QNl$QMzYLjObza6fd8qw@&j#{0 X =cEB5c*Q!Xan( YQQ&9u6d[$O7fFMcr>_wu~nziGONtCO aiEP#x/_pg"!X8fOi `PY)tsp3t: y'ZHY;h8\h}h +b"|^P$ U$ UQ>i>`@\@.I&1@] {`"h-9o:! Use this code only if there is a discrepancy identified with the SSN (for example, identified in the credit report, DU or LoanDeli very edits), and the SSN was validated through the SSA. The goal of the bill is to improve the accuracy of how some programs are accounted for in the federal budget. 1056 0 obj <>stream 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. 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. To print the report you are currently viewing, click the PRINT button. Originally, Fannie had an 'explicit guarantee' from the government; if it got in trouble, the government promised to bail it out. 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. Fannie Mae is able to borrow very inexpensively in the debt markets as a consequence of market perception. The conforming loan limit is 50 percent higher in Alaska and Hawaii. Yul Kwon Wife, Note: Type of fee (Assumption or Partial Release), the Fannie Mae Loan Number and the Property Name. Users must have the same institution/portfolio identified for each application in Technology Manager. 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. Calibri" 1 000000_x000D_ # Calibri" 0 000000Fannie Mae Confidential. endstream endobj 693 0 obj <>stream 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. The question of whether any individual bankers will be held to account is another matter. [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). 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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