302.01A

Establishment of a Custodial Account

Whenever the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). establishes a Custodial AccountCustodial AccountAccounts established by the Servicer for depositing P&I payments, T&I funds, Collateral Agreement deposits, and other similar funds., the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). and the depository institution maintaining such account must execute the following forms, as applicable:

  • a Letter of Authorization for Multifamily P&I Custodial Account (Form 2050);
  • a Letter of Authorization for Multifamily T&I Custodial Account (Form 2052); or
  • a Letter of Authorization for Multifamily Collateral Agreement Custodial Account (Form 2051).

The executed form should be sent to:

Fannie Mae

ATTN:  Multifamily Lender Oversight

1100 15th Street, NW

Washington, DC  20005.