Primary Changes

You may approve an extension past the original completion due date for completing Efficiency Measures for a Green Rewards Mortgage Loan (documented on either Schedule 6 - Required Repair Schedule of the Multifamily Loan Agreement (Form 6001.NR) or Addendum to Schedule 6 - Required Repair Schedule of the Modifications to Multifamily Loan and Security Agreement (Form 6241)), provided:

• the Mortgage Loan does not have a Fannie Mae risk rating of Substandard or Doubtful;
• you enter the extension term into the MAMP; and
• the extension does not
  • exceed 180 days past the original completion due date, or
  • change the scope or modify any Efficiency Measures. 

You are also delegated the authority to:

• determine whether the extension requires an amendment to the Multifamily Loan Agreement; and
• document a required amendment in any form you determine to be legally enforceable.

For any amendment, you must:

• send the executed document to Multifamily Certification and Custody;
• submit a copy through the MAMP; and
• retain a copy in your Servicing File.

If you previously approved a 90-day extension of the original completion due date, you may grant an additional extension of up to 90 days. 

Questions

Please contact Brian Crain at (972) 861-6678, or [email protected], with any questions.