Annual Review

Operating Procedures

Within 15 Business DaysBusiness DaysAny 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. after Fannie Mae notifies you of a 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. review, you must submit: 

• the Borrower'sBorrower'sPerson who is the obligor per the Note.  operating statements, with each income and expense line item indicated per Form 4254.DEF; 
• the Borrower'sBorrower'sPerson who is the obligor per the Note.  escrow activity reconciliation; and
• any other requested documentation.