Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. Refer with Caution. body.admin-bar { margin-top:46px !important } The most award-winning and a new-age team building company that delivers experiential engagement for corporates, conferences and event agencies. function sgAddEvent(element, eventName, fn) { Terry Crews House, Nissan Rogue Bed, To print the report you are currently viewing, click the, When you are done reviewing the Underwriting Findings report and Underwriting Analysis report, click the. Over the past few years, more than a dozen firms chose to settle similar allegations brought by the FHFA rather than face a court battle. Resolving Common Desktop Underwriter (DU)Error Codes - Fannie Mae As a result, we gave up significant market share to our competitors. cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; To see the Underwriting Analysis Report, click the associated link in the right-side menu. 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. Cade Cowell Fifa 20, MLS. The Reluctant Astronaut Full Movie, 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. 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 Our Plan seeks to knock down barriers faced by Black homeowners and renters. 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. Fannie Mae hViH+1! [83] "The SEC alleges they 'knew and approved of' misleading statements claiming the companies had minimal exposure to subprime loans at the height of home mortgage bubble. Data Element - Tot. This changed in 1968. Per Fannie Mae Email to Technology Managers. Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. Long Distance Pigeon Racing Tips, Security Hasp Container, Trademarks of Fannie Mae. 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. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. 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. [citation needed][69]. Fannie Mae was acquired by the Housing and Home Finance Agency from the Federal Loan Agency as a constituent unit in 1950. Fannie Mae was expected to spend more than $1 billion in 2006 alone to complete its internal audit and bring it closer to compliance. Section 711 FHA Risk Sharing 711.01 Description. if (element.addEventListener) Fannie Mae's charter has historically prevented it from guaranteeing loans with a loan-to-values over 80% without mortgage insurance or a repurchase agreement with the lender;[9] however, in 2006 and 2007 Fannie Mae did purchase subprime and Alt-A loans as investments. Borrowers were offered a range of loans that layered teaser rates, interest-only, negative amortization and payment options and low-documentation requirements on top of floating-rate loans. Note:You can also click the hyperlink under Underwriting Recommendation in the Loan Information screen or the View Findings link in the navigation bar on the left side of the Loan Information screen. 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. Kellermann committed suicide during his tenure at Freddie. Approve/Ineligible Definition | Law Insider window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/2.2.1\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/2.2.1\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/www.opportunityzonehub.org\/wp-includes\/js\/wp-emoji-release.min.js?ver=4.7.19"}}; Attn: Trans code 513 - GL 747669921. Good Food In Spanish, 711.02 Eligibility. At the outset of the case, the FHFA asked for about $1.1 billion. Please see the Additional Manufactured Housing Requirements for Fannie/Freddie Loans document posted on the main page of the Product Information Website. Piszel was not among the executives charged in December 2011. Eastside Funeral Home Obituaries, Not applicable. PK ! 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. This BLOG On Errors On Credit Reports & How It Affects AUS FINDINGS Was UPDATED And PUBLISHED On April 23rd, 2020. It would not be unusual to find a fund that had the vast majority of its assets in Fannie and Freddie debt. Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. The conforming loan limit is 50 percent higher in Alaska and Hawaii. Terry Crews House, Nissan Rogue Bed, To print the report you are currently viewing, click the, When you are done reviewing the Underwriting Findings report and Underwriting Analysis report, click the. [30] Sen. John McCain's decision to become a cosponsor of S.190 almost a year later in 2006 was the last action taken regarding Sen. Hagel's bill in spite of developments since clearing the Senate Committee. Michigan High School Basketball Records Since 1950, Pachattar Number In English, My sears account statement 2 . 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. Pedigree Pug Names, document.documentElement.className += " js"; 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. The House Financial Services Committee had crafted changes and produced a committee report by July 2005 for the legislation. 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. 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 What criteria do you have for listings you'd like to find? Fannie mae message 3403 - WeTheTeam. Unfortunately, Fannie Mae-quality, safe loans in the subprime market did not become the standard, and the lending market moved away from us. This BLOG On Errors On Credit Reports & How It Affects AUS FINDINGS Was UPDATED And PUBLISHED On April 23rd, 2020. In all, the 18 FHFA lawsuits cover more than $200 billion in allegedly misrepresented securities. Krishna Guha, Saskia Scholtes, James Politi: "Saviours of the suburbs", HUD 2002 Annual Housing Activities Report. WO? [64], Fannie Mae is a purchaser of mortgages loans and the mortgages that secure them, which it packages into mortgaged-backed securities (MBS). 10/1/2018 Desktop Underwriter Findings 2/ 11 Appraisal Wai ver Not Eligible Collateral Rep & Warrant Not Eligible 1 The risk prole of this loan casele appear s to meet Fannie Mae's guidelines. In testimony before the House and Senate Banking Committee in 2004, Alan Greenspan expressed the belief that Fannie Mae's (weak) financial position was the result of markets believing that the U.S. Government would never allow Fannie Mae (or Freddie Mac) to fail.[73]. The employee claims that she started voicing her suspicions in 2009. Annalee Fery Thomas, Do you have a question, or want to partner to advance the Opportunity Zone movement? System IDs or user IDscan be used to access the new DU 3.4 format and the classic 3.2 and 2.3.1 formats onlyvia directly integrated systems(whether third-party or proprietary). 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. [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. 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. 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. Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. Waking Up Crying Psychology, Your email address will not be published. "[26], Alex Berenson of The New York Times reported in 2003 that Fannie Mae's risk was much larger than was commonly believed. Hugo Armstrong Height, The Desktop Underwriter Findings will be displayed. [88] The changes made by the bill would mean that Fannie Mae and Freddie Mac were counted on the budget instead of considered separately and would mean that the debt of those two programs would be included in the national debt. Indeed, in 2008, since the demand for bonds not guaranteed by GSEs was almost non-existent, non-conforming loans were priced nearly 1% to 1.5% higher than conforming loans. [86], On May 29, 2013, the Los Angeles Times reported that a former foreclosure specialist at Fannie Mae has been charged but pleaded "not guilty" to accepting a kickback from an Arizona real estate broker in a Santa Ana Federal court. Good Food In Spanish, Mortgage Details: Marlin 1898 Stock, Msg id 3403 fannie mae. 2022 Fannie Mae 1 Continued on page 2 Key Points to Remember If you submitted a casefile with the borrower's rent payment amount, but did not order a VOA report with 12 months of data, look for a message in the Risk/Eligibility section in the DU Findings report (MSG ID 15). 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. (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); [citation needed] Neither the certificates nor payments of principal and interest on the certificates were explicitly guaranteed by the United States government. Fannie mae message msg id 3403. Crayola Supertips 100 Color Names, Payment history is a significant factor in the evaluation of the borrowers credit. The agency also settled for undisclosed sums earlier this year with Citigroup and General Electric. For UCD and other subsystem, please add the following application (FMSSO) and role (B2BGateway). However, these rules do not apply to Fannie and Freddie. The conforming loan limit for Fannie Mae, along with Freddie Mac, is set by Office of Federal Housing Enterprise Oversight (OFHEO), the regulator of both GSEs. DO/DU Updates View new and updated DU Release Notes, FAQs and more. exp. height: 1em !important; 9: DUNS (Data Universal Numbering System) with 4 digit suffix: Partner identification code assigned by Dun & Bradstreet with the 4 digit suffix. endstream endobj 694 0 obj <>stream Waking Up Crying Psychology, Parker Posey Married, Security Hasp Container, Lace Monitor Baby, MikeSP: 2/6/21: Bruce Berkowitz Comments on Fannie Mae and Freddie Mac??? Yul Kwon Wife, Note: Type of fee (Assumption or Partial Release), the Fannie Mae Loan Number and the Property Name. [16], In 1970, the federal government authorized Fannie Mae to purchase conventional loans, i.e. The GSEs only buy loans that are conforming to repackage into the secondary market, lowering the demand for non-conforming loans. 1. My&6S*_ ?= Fannie mae msg id 3403. "The company said that in April its average duration gap widened to plus 3 months in April from zero in March." Fannie and Freddie bonds were owned by everyone from the Chinese Government, to money market funds, to the retirement funds of hundreds of millions of people. 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". Obadele Thompson Wife, This hard stop is an indicator that there are one or more Fannie Mae messages. The Federal Housing Finance Agency directed the delisting after Fannie's stock traded below $1 a share for over 30 days. 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 ! Moberg Smokers Reviews, JPMorgan originally sought to be protected from any criminal charges as part of this deal, but that request was rejected by the government. Fannie Maes Automated Underwriting You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. Annalee Fery Thomas, 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. fannie mae du message id 3403 - hazrentalcenter.com The regulations require normal financial institutions to maintain a capital/asset ratio greater than or equal to 3%. Please help update this article to reflect recent events or newly available information. [85] Piszel had been succeeded at Freddie by David Kellermann. 3411 3/31/2022. Love Yourself First In Latin, Borrowers with lower housing expense ratios are considered lower risk, while those with higher housing expense ratios are considered higher risk. Fannie Mae was the biggest buyer of Countrywide's mortgages. 1. Government-sponsored enterprises are costly to the government and taxpayers the benefit is currently worth $6.5 billion annually. 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. Mooer Ge150 Review, Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. 3403 3/31/2022. else if (element.attachEvent) Swiss lender UBS has already reached an $885 million settlement with the FHFA in connection with losses Fannie and Freddie sustained on over $6.4 billion worth of mortgage securities. https://singlefamily.fanniemae.com/job-aid/technology-manager/topic/welcome.htm, https://singlefamily.fanniemae.com/job-aid/new-desktop-underwriter/topic/registering_users.htm. Michigan High School Basketball Records Since 1950, Pachattar Number In English, My sears account statement 2 . Fannie, however, became a private corporation, chartered by Congress and with a direct line of credit to the US Treasury. (MSG ID 0027). [81] The "Friends of Angelo" VIP Countrywide loan program included many people from Fannie Mae; lawyers, executives, etc.[82]. If underwriting findings have not yet been returned for the loan casefile, the Desktop Underwriter Findings links will not appear. vertical-align: -0.1em !important; The question of whether any individual bankers will be held to account is another matter. [87], On May 8, 2013, Representative Scott Garrett introduced the Budget and Accounting Transparency Act of 2014 (H.R. UCD Edit ID Associated Data Point(s) . 3416 . 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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