401.01

General

This Chapter covers asset management of performing Mortgage Loans Mortgage LoansMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 .  This Chapter does not apply to Non-Performing Mortgage Loans Non-Performing Mortgage LoansMortgage Loan with an uncured default. , unless otherwise stated.  For asset management of Non-Performing Mortgage Loans Non-Performing Mortgage LoansMortgage Loan with an uncured default. , the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must comply with: 

  • Part VI, Chapter 1: Watchlist Management- Title Update ; and 
  • either:
    • Part VI, Chapter 2: Non-Performing Primary Risk Mortgage Loans ; or
    • Part VI, Chapter 4: Non-Performing Secondary Risk Mortgage Loans .

This Chapter covers the Servicer’s Servicer’sPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. :

  • administration of Loan Documents Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. , including Collateral Agreements Collateral AgreementsAgreement granting a security interest in Mortgage Loan collateral not covered by the Security Instrument. ;
  • review of a delegated and non-delegated Borrower BorrowerPerson who is the obligor per the Note. request;
  • approval of a delegated Borrower BorrowerPerson who is the obligor per the Note. request;
  • management of insurance matters;
  • review of Transfer/Assumption Transfer/AssumptionTransaction changing the ownership of the Borrower or Property. requests; and
  • administration of specialty product types.

The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must submit all Borrower BorrowerPerson who is the obligor per the Note. requests, along with any additional information and required documents, through the MAMP MAMPMultifamily Asset Management Portal used to submit Property inspections, operating statements, requested modifications, asset management reports, and data corrections for loan or property attributes. .  If submitting through the MAMP MAMPMultifamily Asset Management Portal used to submit Property inspections, operating statements, requested modifications, asset management reports, and data corrections for loan or property attributes. is not feasible, overnight mail must be used and sent to:

Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!!

Attention: (Drawer AM, Structured AM, Seniors AM,

or Assumption/Transfer)

Mailstop 8V-21

1100 15th Street, NW

Washington, DC  20005.

 

Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! email addresses and contact information for notices required in this Chapter are located in the Glossary.