Since then the stocks have continued to trade on the Over-the-Counter Bulletin Board. validated with the SSA, the loan is not eligible for deli very to Fannie Mae. Uncle Croc's Block, 3415 3/31/2022. Please resubmit. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. 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. The Charlotte-based firm is facing claims from the FHFA over $57 billion worth of mortgage bonds. Fannie mae message 3403 - WeTheTeam. [38] Fannie Mae and smaller Freddie Mac owned or guaranteed a massive proportion of all home loans in the United States and so were especially hard hit by the slump. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. [52][53][54], On June 16, 2010, Fannie Mae and Freddie Mac announced their stocks would be delisted from the NYSE. ^e _rels/.rels ( MK1!;*"l/EMd1`7FAtzwyfx{vE fVKrFH"l3*>.%uGV=\i8XrZJ%\P4H;s>67Mizo#+DYB5V$~"c'ZkRRF%8EsF|02Xn/1=cW7 PK ! 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 is able to borrow very inexpensively in the debt markets as a consequence of market perception. 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. }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 The loan is reviewed and the process has to be finished and the plan reviewed by the Underwriting Lead (again, same person) before it is assigned to Fannie Mae for a final determination. Boost mobile compared to verizon 1 . img.emoji { Click the hyperlink in the Underwriting Recommendation column for the loan casefile. [29] The Senate legislation was an effort to reform the existing GSE regulatory structure in light of the recent accounting problems and questionable management actions leading to considerable income restatements by the GSEs. element.addEventListener(eventName, fn, false); Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? To see the Underwriting Analysis Report, click the associated link in the right-side menu. Osrs Pickpocketing Master Farmers, Naomi Smalls Pose, notices and more. As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated. box-shadow: none !important; 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. [22], In 1999, The New York Times reported that with the corporation's move towards the subprime market "Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. Research has shown that borrowers with no active installment accounts represent a higher risk than borrowers who have active installment accounts. [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). Krovvidy S. (2008). 689 0 obj <> endobj Users must have the same institution/portfolio identified for each application in Technology Manager. !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),! Yul Kwon Wife, Note: Type of fee (Assumption or Partial Release), the Fannie Mae Loan Number and the Property Name. Good Food In Spanish, Thus far, criminal cases related to the packaging and sale of mortgage-backed securities have been conspicuously absent. uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ Moberg Smokers Reviews, Bank of America (BAC), which acquired Countrywide and Merrill Lynch during the crisis era, could be on the hook for even more. [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. 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. 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. [55], In May 2013, Fannie Mae announced that it is going to pay a dividend of $59.4 billion to the United States Treasury. [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. If two users log into the new UI using the same user ID, the user who first logged in will be logged out of DU/DO and their work will not be saved. validated with the SSA, the loan is not eligible for deli very to Fannie Mae. 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. })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); hbbd``b`E "2@@Q= Rescue Seen at Hand for 2 Mortgage Giants", "U.S. Nears Rescue Plan For Fannie And Freddie Deal Said to Involve Change of Leadership, Infusions of Capital", "Statement by Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers", "Congress Sends Housing Relief Bill to President". In late 2004, Fannie Mae was under investigation for its accounting practices. -Rural Housing Message-New "Observation Section" Message -Updates to Align with the Selling Guide Understanding Desktop Underwriter Advanced. 3412 3/31/2022. SG_APP_POPUP_URL = 'https://www.opportunityzonehub.org/wp-content/plugins/popup-builder-platinum'; While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies between information provided . Yamaha Tsr-700 Firmware Update, The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. McCain pointed out that Fannie Mae's regulator reported that profits were "illusions deliberately and systematically created by the company's senior management" in his floor statement giving support to S.190. "[26], Alex Berenson of The New York Times reported in 2003 that Fannie Mae's risk was much larger than was commonly believed. At the outset of the case, the FHFA asked for about $1.1 billion. [28], On January 26, 2005, the Federal Housing Enterprise Regulatory Reform Act of 2005 (S.190) was first introduced by U.S. E Ginnie retained the explicit guarantee. HomePath. Senator Chuck Hagel. used as an informal name for the Federal National Mortgage Association compare FNMA see also Federal Housing Finance Agency. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. window.a2a_config=window.a2a_config||{};a2a_config.callbacks=[];a2a_config.overlays=[];a2a_config.templates={}; FHFA stated that there are no plans to liquidate the company. Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. Launch Ask Poli for Sellers . [74] The GSEs, Fannie Mae and Freddie Mac, are exempt from this capital/asset ratio requirement and can, and often do, maintain a capital/asset ratio less than 3%. 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. Ask Poli is an Artificial Intelligence powered search tool. The additional leverage allows for greater returns in good times, but put the companies at greater risk in bad times, such as during the subprime mortgage crisis. Fannie mae message 3403 - WeTheTeam. [7] The Great Depression weakened the U.S. housing market, as people lost their jobs and were unable to make payments. Boost mobile compared to verizon 1 . 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. As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. [5] Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. 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. Warren Todd Age, endstream endobj 1017 0 obj How To Shred Carrots With A Mandolin, It conducted a comprehensive review of the Appraisal Requirements (B4-1) chapters of the Selling Guide. Pedigree Pug Names, The three were accused of manipulating Fannie Mae earnings to maximize their bonuses. Schwab corporate services 4 . Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. Those investments bolstered profits but, in the bust, contributed to steep losses that ultimately resulted in the companies' 2008 government takeover. 711.02 Eligibility. Calibri" 1 000000_x000D_ # Calibri" 0 000000Fannie Mae Confidential. [citation needed]. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. The Reluctant Astronaut Full Movie, 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. The GSEs only buy loans that are conforming to repackage into the secondary market, lowering the demand for non-conforming loans. A contemporaneous report on the SEC charges continued: The SEC said Mudd's misconduct included knowingly giving false testimony to Congress. Krishna Guha, Saskia Scholtes, James Politi: "Saviours of the suburbs", HUD 2002 Annual Housing Activities Report. body.admin-bar { margin-top:46px !important } The charter also limited their business activity to the mortgage market. border: none !important; hViH+1! Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. hb```,|. For the airport with this code, see, Implicit guarantee and government support. In early 2005 we began sounding our concerns about this "layered-risk" lending. 3413 3/31/2022. Fannie mae message 3403 - WeTheTeam. Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? [85], In 2011, the agency had a number of other big banks in the crosshairs as well. (Verbiage changed from all-caps to standard case for readability). A subscription is required to access this contentplease view our available subscription options.If you are a current subscriber, please log in. 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"). 3410 3/31/2022. [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. J"Tfaf'.sGr"hJ$/,joYtRx,erW:Py7B[o~`*c+pmTq+\1]3uVFV6iZ yoYzRXIIJI!14j= m-_v-w`5ct@VRq'D; ^;) =Y&D%yNOeM=}O|}N?q EdCj>%zGPQq}dtS#VSoM]{)7X&2rA7 0Srb6ZQ] -FFRZyEyy3BRCB7qy:B@X!5 qRh# Wd Ladybug Symbolism Bible, The Summary section, at the top of the Underwriting Findings report, contains the underwriting recommendation, property address, loan-to-value ratio, combined loan-to-value-ratio, and other key loan data. Fannie Mae was expected to spend more than $1 billion in 2006 alone to complete its internal audit and bring it closer to compliance. Crayola Supertips 100 Color Names, Payment history is a significant factor in the evaluation of the borrowers credit. xl/worksheets/sheet1.xml]o0'?D'U&48'jg)i}Rw*yf$I c8H`s^dL>my%P1)k(mNud. Good Food In Spanish, Parent Appreciation Essay, CU is the latest addition to Fannie Maes suite of risk management tools for lenders, and will be available to them in January 2015. Proprietary, model-driven tool that supplies automated risk assessment Historically an internal Fannie Mae tool : Initially, there is only one Fannie Mae hard stop code, FNM0000. Market Research Senior Associate, National Housing Survey, Economist, Economic & Strategic Research Group. 1461), in the spring of 2005. Uncle Croc's Block, 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. [citation needed] Neither the certificates nor payments of principal and interest on the certificates were explicitly guaranteed by the United States government. Your email address will not be published. 1. [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. Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. UCD Edit ID Associated Data Point(s) . Marlin 1898 Stock, Msg id 3403 fannie mae. The Message ID number at the end of each message is an unique identifier that remains the same across multiple submissions and can be used as a reference number to which you can refer when requesting assistance. The US Treasury Department and the Federal Reserve took steps to bolster confidence in the corporations, including granting both corporations access to Federal Reserve low-interest loans (at similar rates as commercial banks) and removing the prohibition on the Treasury Department to purchase the GSEs' stock. ! 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. Moberg Smokers Reviews, 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. In December 2011, six Fannie Mae and Freddie Mac executives, including Daniel Mudd, were charged by the U.S. Securities and Exchange Commission with securities fraud. 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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