Analysis Timing

Operating Procedures

You must:

• Analyze your T&I Custodial AccountT&I Custodial AccountCustodial Account for the deposit of T&I and other impound escrow funds. records:
  • annually for each Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. ; and
  • when a material change occurs in a Borrower'sBorrower'sPerson who is the obligor per the Note. T&I ImpositionsT&I ImpositionsAmounts for taxes, insurance, and other charges assessed against or owing on the Property which you deem necessary to protect the Property and/or prevent Liens imposed on it. .
• Determine if the Borrower'sBorrower'sPerson who is the obligor per the Note. T&I Custodial AccountT&I Custodial AccountCustodial Account for the deposit of T&I and other impound escrow funds. funds, plus the Borrower'sBorrower'sPerson who is the obligor per the Note. required monthly deposits, are sufficient to timely pay all upcoming T&I ImpositionsT&I ImpositionsAmounts for taxes, insurance, and other charges assessed against or owing on the Property which you deem necessary to protect the Property and/or prevent Liens imposed on it. .