Withdrawn Commitment Fee | Fannie Mae Multifamily Guide

Guide Update 23-12

: Withdrawn Commitment Fee

Effective: 07/07/23

Associated Documents:

Summary of Changes:

HIGHLIGHTS
Effective for Mortgage Loans Committed as of July 7, 2023, updated the requirements and fees for a failed Mortgage Loan Delivery, including Breakage Fees, and a Withdrawn Commitment Fee.

HIGHLIGHTS

Effective for Mortgage Loans Committed as of July 7, 2023, updated the requirements and fees for a failed Mortgage Loan Delivery, including

Primary Changes

Added a requirement that neither you nor the Borrower may profit from a failed Delivery.
Updated the fees in Part IV, Chapter 4: Delivery, Section 408: Delivery Failure for a failed Mortgage Loan Delivery, including MBS or cash trades
- with the Multifamily Trading Desk, and
- for Lender-arranged sales.

Questions

Please contact the Multifamily Pricing Team at [email protected] with any questions.