Section 603

Commitment

603.01

MBS Mortgage Loans

Operating Procedures

MBS Mortgage LoansMBS Mortgage LoansMortgage Loan purchased by Fannie Mae in exchange for an issued MBS backed by the Mortgage Loan. in Structured Transactions are managed in MSFMSMSFMSMultifamily Structured Facilities Management System performing collateral delivery and securitization functions for Structured Transactions. , no CommitmentCommitmentContractual agreement between you and Fannie Mae where Fannie Mae agrees to buy a Mortgage Loan at a future date in exchange for an MBS, or at a specific price for a Cash Mortgage Loan, and you agree to Deliver that Mortgage Loan. is required.

603.02

Cash Mortgage Loans

Requirements

For Cash Mortgage LoansCash Mortgage LoansMortgage Loan purchased by Fannie Mae in exchange for cash. in a Structured Transaction, you must obtain a CommitmentCommitmentContractual agreement between you and Fannie Mae where Fannie Mae agrees to buy a Mortgage Loan at a future date in exchange for an MBS, or at a specific price for a Cash Mortgage Loan, and you agree to Deliver that Mortgage Loan. through C&DC&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system. per Part IV, Chapter 2: Rate Lock and Committing, except for the following entries:

C&D Page Entry
Commitment
  • Select “Structured” as the “Delivery Channel Type”.
  • Enter the MSFMS Deal IDMSFMS Deal IDNumber assigned by MSFMS when registering a Structured Transaction. in the “Structured Facility Management Deal ID” field.
Participants
  • Enter at least 1 BorrowerBorrowerPerson who is the obligor per the Note. record.
  • Enter complete data for all deal participants separately in MSFMSMSFMSMultifamily Structured Facilities Management System performing collateral delivery and securitization functions for Structured Transactions. .
Collateral None, this information is entered in MSFMSMSFMSMultifamily Structured Facilities Management System performing collateral delivery and securitization functions for Structured Transactions. .