Non-Delivery of Streamlined Rate Lock Mortgage Loan
After the completion of full underwriting, the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. may inform Fannie Mae that the Mortgage LoanMortgage 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. will not be delivered. In such case, the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. will be subject to the provisions set forth in Part IV A, Chapter 5: Delivery Procedures – Documents, Section 501.05: Failure to Deliver: Return of Package.