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Effective March 1, 2017, Fannie Mae is revising the remittance process for Multifamily Actual/360 MBS Mortgage Loans and Muni Mae Mortgage Loans, requiring:

  • all principal and interest remittances to be drafted under the Automated Drafting System; and
  • the submission by February 10, 2017 of a new Form 1055 – Multifamily Authorization for Automatic Transfer of Funds, from Servicers who service Mortgage Loans with branch numbers XXXXX-400-X through XXXXX-479-X.

Fannie Mae announces new SPE/Separateness and Cash Management requirements for certain Pre-Review Mortgage Loans of $100 million or more and 70% LTV or greater, together with associated new Fannie Mae Multifamily Mortgage Business 6000 Series Form Loan Documents for easy implementation.

Fannie Mae announces the publication of new and revised Fannie Mae Multifamily Mortgage Business 6000 Series Form Loan Documents (the “Loan Documents”), principally relating to master lease structures, phased properties, seniors housing properties, and tax credit properties.

Lender Letters are formal notices to applicable lenders or servicers that provide Multifamily business information, or guidance related to documents, system updates, and processes. Lender Letters do not communicate changes to the Multifamily Selling and Servicing Guide.

Visit DUS Navigate to access communications pertaining to the Multifamily Selling and Servicing Guide and related business forms.