Cash Mortgage Loans

Requirements

For Cash Mortgage LoansCash Mortgage LoansMortgage Loan purchased by Fannie Mae in exchange for cash. in a Credit FacilityCredit FacilityStructured Transaction governed by a Master Credit Facility Agreement requiring Mortgage Loans and Properties to be cross-defaulted, and cross-collateralized. or Bulk DeliveryBulk DeliveryStructured Transaction governed by a Bulk Delivery Agreement that allows future: Mortgage Loan additions; and/or Property substitutions., 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 MSFMSMSFMSMultifamily Structured Facilities Management System used, for Mortgage Loans in a Bulk Delivery, to submit Mortgage Loan and Property data for: Delivery and securitization; and any Property substitution occurring after the Mortgage Loan Origination Date. Deal ID 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 used, for Mortgage Loans in a Bulk Delivery, to submit Mortgage Loan and Property data for: Delivery and securitization; and any Property substitution occurring after the Mortgage Loan Origination Date..
Collateral	None; this information is entered in MSFMSMSFMSMultifamily Structured Facilities Management System used, for Mortgage Loans in a Bulk Delivery, to submit Mortgage Loan and Property data for: Delivery and securitization; and any Property substitution occurring after the Mortgage Loan Origination Date..