504.01

Multifamily MBS Prospectus

Guidance

For all MBSMBSMortgage-Backed Security , Fannie Mae issues a Multifamily MBS Prospectus containing information for MBSMBSMortgage-Backed Security InvestorsInvestorsMBS Investor for an MBS Mortgage Loan, or Fannie Mae for a Cash Mortgage Loan. , including:

  • a general description of Fannie Mae’s multifamily mortgage business;
  • disclosure of general MBSMBSMortgage-Backed Security risk factors;
  • property types securing multifamily mortgage loans; and
  • specific SecuritySecurityMBS, PFP MBS, or REMIC. , Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. , and PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). disclosure data.

Since different characteristics may affect the performance assumptions and risk factors associated with an MBSMBSMortgage-Backed Security , Fannie Mae uses Additional DisclosureAdditional DisclosureInformation you provide that is published as an addendum to the disclosure documents when an MBS is issued and describes special Security, Mortgage Loan, or Property characteristics or terms that differ from those described in the standard Multifamily MBS Prospectus. to inform all MBSMBSMortgage-Backed Security InvestorsInvestorsMBS Investor for an MBS Mortgage Loan, or Fannie Mae for a Cash Mortgage Loan. if any MBS Mortgage LoansMBS Mortgage LoansMortgage Loan purchased by Fannie Mae in exchange for an issued MBS backed by the Mortgage Loan. have characteristics or terms that differ from those described in the standard Multifamily MBS Prospectus.

You may access Multifamily MBS Prospectus documents at https://multifamily.fanniemae.com.

For MBSMBSMortgage-Backed Security issued prior to December 2017, Fannie Mae prepared a Prospectus Supplement containing specific Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. information in addition to the Multifamily MBS Prospectus.  This Prospectus Supplement had 2 parts:

  • The Prospectus Supplement Narrative (standard) was a transaction-specific disclosure describing the terms and structure of the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. .
  • The Schedule of Pool and Loan Information, including:
    • Pool Statistics, providing SecuritySecurityMBS, PFP MBS, or REMIC. -level disclosure data; and
    • Multifamily Schedule of Loan Information, including specific Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. and PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). disclosure data.