Effective for Mortgage Loans Committed on or after November 1, 2021, the Multifamily Additional Disclosure Guidance Form (Form 4098) was updated.
- Added non-standard Property characteristics for:
- Manufactured Housing Communities Financing of Borrower-Owned Manufactured Homes (“Manufactured Housing Rentals”);
- Healthy Housing Rewards for a Property participating in either
- Healthy Design, or
- Enhanced Residential Living; and
- a Master Operating Lease.
- Removed the non-standard Mortgage Loan characteristic for Rent or Income Restriction on a Non-MAH Property.
- Systems Additional Disclosure is no longer required for
- Declining Prepayment Premium, Other Year Schedule for Mortgage Loans delivered using C&D, and
- MFlex Mortgage Loans.
Please contact Patricia Lafean at (202) 752-6240, or [email protected], with any questions.