Notification 20-07
:  COVID-19 Form 4636.TA Update
Effective:
Retired: 05/28/21
Form 4636.TA (Redline).pdf

HIGHLIGHTS

Effective April 20, 2020, Fannie Mae updated the Multifamily Asset Management Delegated Transaction: Transfer/Assumption (Form 4636.TA) to align with the COVID-19 updates in the Multifamily Underwriting Standards (Form 4660). 

 

Primary Changes

Form 4636.TA was updated to:

  • accommodate additional signatories;
  • modify the required closing documentation; and
  • require Fannie Mae approval for any:
    • Assumption/Transfer of a Seniors Housing Mortgage Loan;
    • Assumption/Transfer of a Student Housing Mortgage Loan;
    • Green Rewards Mortgage Loan with incomplete repairs or compliance issues;
    • Supplemental Mortgage Loan in conjunction with an Assumption/Transfer where a Principal and Interest Reserve is not required; and
    • Property with a Forbearance Agreement.

 

Questions

Please contact Jonathan Carr at (312) 368-6389, or [email protected], with any questions.