Effective December 31, 2021, the Multifamily Asset Management Delegated Transaction Forms (Form 4636 series) were updated to
For Form 4636 series asset management decisions:
- Delegated you the authority for a transaction that occurred without your consent if the transaction otherwise would have been delegated.
- Except for a Transfer/Assumption, delegated you the authority for a transaction rated Substandard by Fannie Mae if it otherwise would be delegated.
- Clarified that Condominium terminations must use Condominium/Cooperative Property Conversions (Form 4636.CC).
- Clarified existing practices to address your feedback.
Please contact Michael Dick at (202) 752-6634, and [email protected], with any questions.