MAH Standard FHA Risk Sharing and Green Refinance Plus
Job-aid
MAH Standard FHA Risk Sharing and Green Refinance Plus
Fannie Mae has modified their Multifamily Risk Sharing Agreement with FHA/HUD to include an expansion of the existing agreement with a second Green Refinance Plus execution.
Follow these steps to commit and deliver Multifamily Affordable Housing (MAH) transactions utilizing standard FHA Risk Sharing and Green Refinance Plus executions:
- Reserve units for both standard FHA Risk Sharing and Green Refinance Plus transactions with the Affordable Channel prior to initiating a commitment in C&D™.
- Initiate a commitment in C&D and navigate to the “Commitment Information” section of the screen.
- For Green Refinance Plus transactions, select “Yes” in the Fannie Mae Pre-Review? drop-down menu to identify the commitment as Pre-Reviewed.
- Complete the Pricing Attributes and Commitment Details sections on the Commitment page.
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Complete the Recourse section to specify the FHA Risk Sharing provisions that apply to the transaction as follows:
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Recourse Plan: select DUS Loss Sharing or DUS Pari Passu.
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Modified DUS Loss Sharing: should always be “No”
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Lender Loss Sharing %: enter 100
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FHA Risk Sharing: select “Yes” from the drop-down menu
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FHA Risk Sharing %: enter 50
A waiver may be required for variations to the standard risk sharing agreement.
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- Complete the remaining sections of the commitment and submit for confirmation.
- Deliver loans in the C&D system once the commitment has been confirmed.
- Complete the fields on the Loan page.
- If the transaction has the Green Refinance Plus provision, select Green Refinance Plus from the Green Financing drop-down menu.
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