503.03B
Submission
Operating Procedures
- Comply with the Annual Reporting Protocol table.
- Analyze the Borrower'sBorrower'sPerson who is the obligor per the Note. operating statements per Form 4254.DEF.
- Indicate on each statement line which of the Borrower'sBorrower'sPerson who is the obligor per the Note. income and expense items are included.
- Provide the pertinent income, expense, and other required data for the current reporting period in the MAMPMAMPMultifamily Asset Management Portal used to submit Property inspections, operating statements, requested modifications, asset management reports, and data corrections for loan or property attributes. .
Annual Reporting Protocol | ||
---|---|---|
For... | Due Date | You must... |
First Year | ||
A Mortgage Loan Fannie Mae purchases on or before June 30 | June 1 of the following year. | Annualize the operating data to represent 12 months of operations. |
A Mortgage Loan Fannie Mae purchases on or after July 1 | June 1 of the second year after purchase. | Submit 12 months of actual operating data. |
Subsequent Years | ||
Every Property |
|
Submit 12 months of actual operating data. |