Section 806
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For maximum Origination FeesOrigination FeesFee you charge the Borrower for underwriting and originating the Mortgage Loan. for all Level 2 In Place LoansLevel 2 In Place LoansGenerally, Portfolio Mortgage Loans with an Underwritten DSCR not less than 5 basis points below Tier 2 standards and an LTV not greater than 5% above Tier 2 standards per Part V: Servicing and Asset Management, Section 802. , and maximum underwriting and processing fees for all Level 3 In Place LoansLevel 3 In Place LoansGenerally, Portfolio Mortgage Loans with an Underwritten DSCR greater than 5 basis points below Tier 2 standards or an LTV greater than 5% above Tier 2 standards per Part V: Servicing and Asset Management, Section 802. , see the Pricing MemoPricing MemoApplicable DUS Pricing Memo or non-DUS Pricing Memo communicating pricing for various products and features. .
| 806.02 | |
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No pricing premiums are allowed in connection with the financing of In Place LoansIn Place LoansMortgage Loan refinancing a Portfolio Mortgage Loan that does not meet Tier 2 underwriting requirements. .
If Fannie Mae agrees (or, for Portfolio Mortgage LoansPortfolio Mortgage LoansMortgage Loan purchased by Fannie Mae and held as of a certain date regardless of whether it is a Cash Mortgage Loan or an MBS Mortgage Loan. with loss sharing, Fannie Mae and the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. jointly agree) to enter into a modification and extension of the Portfolio Mortgage LoanPortfolio Mortgage LoanMortgage Loan purchased by Fannie Mae and held as of a certain date regardless of whether it is a Cash Mortgage Loan or an MBS Mortgage Loan. that does not otherwise qualify for refinancing as an In Place LoanIn Place LoanMortgage Loan refinancing a Portfolio Mortgage Loan that does not meet Tier 2 underwriting requirements. in accordance with this Chapter, loan modification fees may be charged in connection with the modification and extension of the Portfolio Mortgage LoanPortfolio Mortgage LoanMortgage Loan purchased by Fannie Mae and held as of a certain date regardless of whether it is a Cash Mortgage Loan or an MBS Mortgage Loan. as provided in Part V, Chapter 7: Non-Performing Mortgage Loans, Section 711: Courses of Action.