Forms 4097 and 4098 | Fannie Mae Multifamily Guide

Notification 24-28

: Forms 4097 and 4098

Effective: 01/01/25

Associated Documents:

Summary of Changes:

HIGHLIGHTS
Effective for Mortgage Loans Committed as of January 1, 2025, updated the: Multifamily Additional Disclosure Guidance (Form 4098); Multifamily Required Trade Information for ARM Cash or MBS Loans (Form 4097.ARM); Multifamily Required Trade Information for Fixed Rate Cash or MBS Loans (Form 4097.Fixed Rate); and Multifamily Required Trade Information (Form 4097 Job Aid).

HIGHLIGHTS

Effective for Mortgage Loans Committed as of January 1, 2025, updated the:

Multifamily Additional Disclosure Guidance (Form 4098);
Multifamily Required Trade Information for ARM Cash or MBS Loans (Form 4097.ARM);
Multifamily Required Trade Information for Fixed Rate Cash or MBS Loans (Form 4097.Fixed Rate); and
Multifamily Required Trade Information (Form 4097 Job Aid).

Primary Changes

Updated the:

Multifamily Additional Disclosure Guidance (Form 4098):
- removing
  - Systems Additional Disclosure,
  - Manufactured Housing Communities (MHC) Financing of Borrower-Owned Manufactured Homes ("Manufactured Housing Rentals"),
  - Seniors Housing Property Master Operating Lease, and
  - Multiple Series Limited Liability Company; and
- revising
  - Delaware Statutory Trust (DST),
  - Expanded Housing Choice Vouchers, and
  - Revenue of Expense Changes (e.g., Tax Abatements) to Tax Relief Programs;
Multifamily Required Trade Information Forms (Form 4097.ARM and Form 4097.Fixed Rate) including fields for
- Tax Relief Programs,
- Legal Non-Conforming Use, and
- Mortgage As Tax-Exempt Bond (MTEB) Indicator; and
Multifamily Required Trade Information (Form 4097 Job Aid) to align with updates.

Questions

Please contact Patricia Lafean at (202) 752-6240, or [email protected], with any questions.