Guide Update 23-18
:  Structured Transactions
Effective:
Retired: 04/05/24
Structured Transactions (Redline).pdf

HIGHLIGHTS

Effective for Mortgage Loans Committed as of September 12, 2023, clarified requirements in Part III, Chapter 17: Structured Transactions for: 

 

  • Property Ownership; 
  • Minimum Transaction Size; and
  • Fannie Mae Due Diligence Fees. 

 

Primary Changes

Clarified: 

  • Property ownership and control requirements for Credit Facilities and Bulk Deliveries; and
  • for Bulk Deliveries:
    • the minimum initial transaction size is based on the combined number of Properties; and
    • Fannie Mae Due Diligence Fees apply to Properties
      • in the initial Bulk Delivery, and
      • added or substituted after the Bulk Delivery Agreement effective date. 

 

Superseded Publication

This publication supersedes Guide Update 21-18: Bulk Delivery Substitution Fee. 

 

Questions

Please contact Dengba Tobiga at (202) 752-0706, or [email protected], with any questions.