Secondary Risk Mortgage Loans
For a Secondary Risk Mortgage LoanSecondary Risk Mortgage LoanMortgage Loan where the Lender bears all losses until the Lender’s recourse obligations are exhausted. on your ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. WatchlistWatchlistThe risk rating classification if you or Fannie Mae determine the Mortgage Loan has heightened credit risk. , Fannie Mae may request additional information, including an Action PlanAction PlanYour report analyzing the Mortgage Loan and Property issues, your resolution strategy, and related actions and outcomes. .
You must provide all information and Action PlansAction PlansYour report analyzing the Mortgage Loan and Property issues, your resolution strategy, and related actions and outcomes. within 5 Business DaysBusiness DaysAny day other than a Saturday, Sunday, day when Fannie Mae is closed, day when the Federal Reserve Bank of New York is closed, or for any MBS and required remittance withdrawal, day when the Federal Reserve Bank is closed in the district where any of the MBS funds are held. after Fannie Mae’s request.