Insurance Escrow Funding
Guidance
You may choose not to fund monthly escrow deposits for insurance premiums for a Tier TierTier 1, Tier 2, Tier 3, or Tier 4 per the Multifamily Underwriting Standards (Form 4660). 3 or Tier TierTier 1, Tier 2, Tier 3, or Tier 4 per the Multifamily Underwriting Standards (Form 4660). 4 Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or a mortgage debt obligation with a Fannie Mae credit enhancement. .
Requirements
If you choose not to fund monthly deposits for insurance premiums, you must require the Borrower BorrowerPerson who is the obligor per the Note. to provide annual proof of payment of all insurance premiums.