Multifamily MBS Roadmap | Fannie Mae Multifamily Guide

Notification 25-04

: Multifamily MBS Roadmap

Effective: 03/28/25

Associated Documents:

Summary of Changes:

HIGHLIGHTS
Effective for all Mortgage Loans as of March 28, 2025, the Multifamily MBS Roadmap was updated.

These updates:

Provide context for the role of
- Mortgage-Backed Securities (MBS), and
- MBS Investors in multifamily housing.
Clarify REMIC Tax Election compliance requirements.
Reduce overlap between the
- Multifamily MBS Roadmap, and
- Multifamily Additional Disclosure Guidance (Form 4098).
Ensure alignment between the
- Multifamily MBS Roadmap, and
- recently updated MBS Prospectus Templates.

Questions

Please contact Derrick Lindsey at (202) 752-2426, or [email protected], with any questions.