503.02

Quarterly Financial Analysis of Operations

Requirements

Fannie Mae Watchlist Status or Product Reporting
Fannie Mae Watchlist Property (All Products)

You must submit detailed quarterly operating statements

 

  • 90 days after the end of the first quarter, and
  • 75 days after the end of the second and third quarters.
Cooperative Property No quarterly financial reporting or waiver required.
Small Mortgage Loan

If the original 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. amount is:

 

  • equal to $6 million or less, no quarterly financial reporting or waiver required; or
  • greater than $6 million, you must submit detailed quarterly operating statements 75 days after the end of the second and third quarters.
Seniors Housing Property You must submit detailed quarterly operating statements 75 days after the end of every quarter.
Credit Facility or Bulk Delivery Property

You must submit the Deal Level Structured Transaction (BD/CF) Quarterly report 75 days after the end of every quarter, including the

 

  • detailed quarterly operating statements, 
  • Structured Facilities Monitoring Narrative (Form 4801), and
  • Spreadsheet (Form 4802).
All Others You must submit detailed quarterly operating statements 75 days after the end of the second and third quarters.

Operating Procedures

You must adhere to the following due dates:

Fannie Mae Watchlist Property
Reporting Quarter Period Covered Reporting Due Date for Property with 12/31 Fiscal Year End Reporting Due Date for Property with non-12/31 Fiscal Year End
First 1st quarter June 30 90 days after 1st quarter end
Second 2nd quarter year-to-date September 15 75 days after 2nd quarter end
Third 3rd quarter year-to-date December 15 75 days after 3rd quarter end

 

Seniors Housing Property
Reporting Quarter Period Covered Reporting Due Date for Property with 12/31 Fiscal Year End Reporting Due Date for Property with non-12/31 Fiscal Year End
First Trailing 3 months operating data covering the 1st quarter June 15 75 days after 1st quarter end
Second Trailing 3 months operating data covering the 2nd quarter  September 15 75 days after 2nd quarter end
Third Trailing 3 months operating data covering the 3rd quarter  December 15 75 days after 3rd quarter end 
Fourth Trailing 3 months operating data covering the 4th quarter  March 15 75 days after 4th quarter end 

 

Credit Facility or Bulk Delivery Property
Reporting Quarter Reporting Period Reporting Due Date for Property with 12/31 Fiscal Year End Reporting Due Date for Property with non-12/31 Fiscal Year End
First

Trailing 3 months operating data:

 

  • PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). level statements covering the 1st quarter; and
  • Deal level Structured Facilities Monitoring Narrative and Spreadsheet (Form 4801 and Form 4802).
 June 15 75 days after 1st quarter end
Second

Trailing 3 months operating data:

 

  • PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). level statements covering the 2nd quarter; and
  • Deal level Structured Facilities Monitoring Narrative and Spreadsheet (Form 4801 and Form 4802).
 September 15 75 days after 2nd quarter end
Third

Trailing 3 months operating data:

 

  • PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). level statements covering the 3rd quarter; and
  • Deal level Structured Facilities Monitoring Narrative and Spreadsheet (Form 4801 and Form 4802).
 December 15 75 days after 3rd quarter end
Fourth

Trailing 3 months operating data:

 

  • PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). level statements covering the 4th quarter; and
  • Deal level Structured Facilities Monitoring Narrative and Spreadsheet (Form 4801 and Form 4802).
 March 15 75 days after 4th quarter end

 

All Others
Reporting Quarter Period Covered Reporting Due Date for Property with 12/31 Fiscal Year End Reporting Due Date for Property with non-12/31 Fiscal Year End
Second 2nd quarter year-to-date September 15 75 days after 2nd quarter end
Third 3rd quarter year-to-date December 15 75 days after 3rd quarter end

Guidance

If any due date is not a Business DayBusiness DayAny 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. , you may submit the quarterly Financial Analysis of Operations on the next Business DayBusiness DayAny 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. .