Analysis Timing

Operating Procedures

You must:

• Analyze your T&I Custodial Account T&I Custodial AccountCustodial Account for the deposit of T&I and other impound escrow funds. records:
  • annually for each Mortgage Loan Mortgage 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's Borrower'sPerson who is the obligor per the Note. T&I Impositions T&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's Borrower'sPerson who is the obligor per the Note. T&I Custodial Account T&I Custodial AccountCustodial Account for the deposit of T&I and other impound escrow funds. funds, plus the Borrower's Borrower'sPerson who is the obligor per the Note. required monthly deposits, are sufficient to timely pay all upcoming T&I Impositions T&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. .