Effective for Mortgage Loans Committed as of September 12, 2023, clarified requirements in Part III, Chapter 17: Structured Transactions for:
- 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.
This publication supersedes Guide Update 21-18: Bulk Delivery Substitution Fee.
Please contact Dengba Tobiga at (202) 752-0706, or [email protected], with any questions.