Guide Update 20-11
:  Asset and Maturity Management
Effective:
Retired: 05/26/21
Asset and Maturity Management (Redline).pdf
Form 4217 (Redline).pdf
Form 4218 (Redline).pdf
Form 4219 (Redline).pdf
Form 4220 (Redline).pdf

HIGHLIGHTS

Effective November 30, 2020, Fannie Mae is:

 

  • incorporating 2 Maturity Management Lender Memos;
  • providing instructions for Releasing Additional Escrows for Principal and Interest, Taxes and Insurance, and Replacement Reserves; and
  • requiring annual inspections of Rent-Stabilized Properties.

 

Changes

Primary changes include:

  • For Part V, Chapter 4:
    • incorporating Lender Memos 09-12 and 09-14 and associated documents into Part V, Section 422: Asset Management of Maturing Loans; and
    • providing instructions for Releasing Additional Escrows for Principal and Interest, Taxes and Insurance, and Replacement Reserves.
  • For Part V, Chapter 5:
    • requiring annual inspections of Rent-Stabilized Properties; and
    • clarifying requirements for
      • Property Condition Assessments,
      • Credit Facility Borrow-ups, and
      • Completion/Repairs.

 

Superseded Lender Memos

This Guide Update incorporates and retires

  • Lender Memo 09-12:  Maturity Management, and
  • Lender Memo 09-14:  Maturity Management.

 

Questions

Please contact Michael Dick at (202) 752-6634 (or [email protected]), or David Miller at (202) 752-6297 (or [email protected]) with any questions.