legal non conforming rebuild letter

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. { .blog-banner-shortcode ul li:hover:first-child .banner-blog-shortcode-button The building department told me it rarely takes 30 days but they can't promise anything. the effective term of the agreement or covenant, which in most cases should be perpetual and binding on any future owners. Welcome to an improved Seller/Servicer Guide. WvkJu4#\U^^z`IHUK&ziaiF,iaVggYxR.QTkc@Y bX;sxo%F7S+1T2mM! o+}d Lenders will not lend unless they know their collateral can be rebuilt if a fire (or another disaster) occurs. If they are typical in the community, they should be present on the subject site. } Are You Ready To Buy A Home With An FHA Mortgage? Fannie Mae only purchases or securitizes mortgage loans on properties if the improvements constitute a legal conforminguse of the land. Additional information may be required. %PDF-1.5 13-8 4 (Exh. opacity: 0; Fannie Mae customers! endobj The Committee may permit the enlargement or extension of a building or structure where the use of the building or structure is a legal non-conforming use. To retrieve a Paid Rebuild Letter, call 3-1-1. x\}o- The appraiser must comment if the site has adverse conditions or if there is market resistance to a property because the site is not compatible with the neighborhood or the requirements of the competitive market, and assess the effect, if any, on the value and marketability of the property. .blog-banner-shortcode ul li:first-child You can erase, text, sign or highlight of your choice. REBUILD AND/OR LEGAL NON-CONFORMING USE DETERMINATION: Zone(s) of parcel, use of premises, date of . They are not retroactive. Execution, Learning Joe Wallace has been specializing in military and personal finance topics since 1995. To apply for a rebuild letter ( PDF or Word ), please follow the instructions on the application for submittal. Processing time may take up to 30 days. ), Selling, Securitizing, and Delivering Loans, Research The Appraiser must analyze and report any adverse effect that the non-conforming use has on the Propertys value and marketability, and state whether the Property may be legally rebuilt if destroyed." Speak to a lender if you aren't sure how these rules may apply to your transaction. Credit Score Under 700 And Less Than 20% Down FHAs Better De FHA Keeps BEATING Fannie Mae! endstream endobj 136 0 obj <>/Metadata 17 0 R/Names 168 0 R/Pages 133 0 R/StructTreeRoot 39 0 R/Type/Catalog>> endobj 137 0 obj <>stream Invest in real estate and never run out of money! display: flex; We know how big of a milestone it is to purchase a home and our Super Team of Mortgage Analysts is available to help guide you through the process every step of the way. Since its formation in 2006, JVM Lending has been committed to reinventing the mortgage lending model in order to provide outstanding service, low rates, and some of the fastest closing times in the industry. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. Non conforming structures and/or uses may be legal or illegal. HQK0+.y+Bob-2 6-TMgs='QL%Mg{ T&1YA0V2Ud #,(T7V=!"ILeL7X+~{_PGPBp{.y]<5,{w^4+YRPLKB'j+s]-. Buy, Rehab, Rent, Refinance, Repeat is the five-part BRRRR display: flex !important; Legal nonconforming rights trilogy in Ontario | Gowling WLG -o-transition: 0.7s; font-size: 18px; FHA loan rules in HUD 4000.1 state of mixed use properties: The non-residential portion of the total floor area may not exceed 49 percent. Questions about this article? All rights reserved. Some products may not be available in all states and restrictions may apply. fee simple or Leasehold interest, position: absolute; { If a use of land, a building, or a structure was legal on Monday, a zoning by-law passed that day cannot render it illegal by Tuesday. It is clearly residential use in commercial zoning. Except as provided in this Section, a non-conforming use may be changed to any conforming use, and the applicable district bulk regulations and accessory off-street parking . Nonconformities are governed by section 21.13 of the Anchorage municipal code. If non-conformance would result in a loss of 20% or more of the Property's unit count, confirm the Improvements can be reconstructed per current zoning requirements and building codes to a level that would support a minimum 1.00 amortizing DSCR in case of Our team is available 7 days a week and guarantees 60-minute response times to inquiries via phone at 855-855-4491 or via email at[emailprotected]. Apparently this is because the property was a single family home that was converted to 3 condo units. If a use of land, a building, or a structure was legal on Monday, a zoning by-law passed that day cannot render it illegal by Tuesday. margin-left: 0 !important; and (3) the use which is allegedly legal non-conforming. color: #FFF !important; TOWN OF GNESEN PUBLIC HEARING NOTICE The @media (max-width: 600px) { the municipality's local zoning requirements (e.g., green compliance for new buildings, etc. <> For informational purposes only. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. That said, anytime you encounter older FHA loan information that references HUD 4155.1 or other rulebooks, its best to double check your information with the current requirements as listed in HUD 4000.1. or building expansion on the premises, the pole sign shall lose its legal non-conforming status. Lender's counsel is also routinely required to provide an opinion letter regarding the legal status of the Borrower, any Manager or General Partner, and any guarantor and the . Primary Change If the Property's use and characteristics are a legal non-conforming use under applicable zoning Confirm the zoning and land use laws and regulations permit the applicable, If non-conformance would result in a loss of 20% or more of the, full casualty and assuming the insurance proceeds are insufficient to fully prepay the, deliver structured data per the Zoning Report Data Supplement (, the continued marketability and economic viability of the, the percentage of damage that could occur before the, the amount and type of insurance coverage maintained by the, Americans with Disabilities Act compliance, and. A nonconforming use, building or parcel is a use of land, a structure, or a parcel that was lawfully in existence prior to the adoption or amendment of the zoning ordinance that made it nonconforming. -o-transition: 0.7s; Generate a Rebuild Letter (Restoration of Damaged Nonconforming Buildings) A self-serve, online system that generates the "Rebuild Letter" to confirm rebuild-ability rights for buildings. See Full Contact Page. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. background: #0B879A; Any non-residential use of the Property must be subordinate to its residential use, character and appearance. Self Help Nonconforming (Grandfather) Rights - Municipality of Anchorage display: flex; } height: 100%; The 1975 Zoning by-law for the old City of . 193 0 obj <>stream Buildings, structures, improvements, and alterations, including the multifamily housing dwellings, now constructed or hereafter constructed or placed on the land upon which the Property is located, together with all fixtures (as defined in the Uniform Commercial Code). font-weight: bold; The closing date was supposed to be July 9 and the mortgage contingency date is June 29. opacity: 1; Private well or septic facilities must be located on the subject site, unless the subject property has the right to access off-site private facilities and there is an adequate, legally binding agreement for access and maintenance. A legal nonconforming use is a use of lands or structure which was legally established according to the applicable zoning and municipal building laws at the time, but which does not meet current zoning and building regulations. In communities across Michigan, there are many homes, businesses, and . Get your personalized instant rate quote: 3 0 obj Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. Preexisting land uses that do not conform to current . -webkit-transform: translateX(300px) skewX(-15deg); However, unless proof is provided, the letter written by the Department of Planning, Building and Code Enforcement will not NOTE: JVM Lendings blog is protected under copyright law and all instances of plagiarism of our content will result in legal action. With the proper precautions, dealings in legal non-conforming structures can be both a rewarding and enjoyable way to hold Real Estate. position: absolute; @media(max-width: 768px) Current non-conforming uses are often allowed or grandfathered in, but such uses often cannot be reconstructed if a fire destroys the property. Whey would they refuse to abide by the rules you state?" } (Meaning as long as they rebuild a restaurant, it doesn't necessarily need to be "classy"). 40:55D-68, the property owner did not have an absolut e right to rebuild a nonconforming stru cture partially destroyed by fire and There are three main categories of applications in relation to legal non-conforming uses that can be brought to the Committee: Enlargement or Extension of a Building or Structure. 9-3-4: Nonconforming Buildings, Structures, Uses, Uses of Land, or Uses The use has the same or lesser parking requirement as the existing or previous use; or 2. There are restrictions on legal non-conforming uses and legal non-complying buildings. personal property (per the Uniform Commercial Code). Prohibit expansion of use. Over time, it has evolved as a convenient way to refer to the legal concept of protecting lawfully pre-existing nonconforming uses of land from later-enacted prohibitions. Non Conforming rental units in Los Angeles can be risky because if you get caught you will lose their income and also have to pay a relocation assistance fee. Nonconforming use - Wikipedia if you have any questions regarding land use ordinances or a pre-existing, nonconforming structure or use. 2. Both our New Hampshire Constitution and land use laws protect . Oct. 24, 2017), discusses the granting of authority to rebuild a house that was non-compliant with current zoning laws, after it was destroyed by casualty.. Jean Marie Jones and her husband owned 3505 Beach Road in Middle River, Baltimore County. Legal Non-conforming Use Explained - Ontario Real Estate Source If this happens it's obviously the best case scenario. left: 30px; CPaXp"r.8H. There is no way to expedite it. <> However, a change in ownership or occupancy shall not, by itself, constitute a change of use.. He can be reached at our toll-free number (855) 376-5291 or by email at fniemann@hnlawfirm.com. Non-Conforming Users | Pace Law School text-decoration: none; I was about toclose on arefi when my mortgage company through me a curve ball needing a structural report anda rebuild letter. -webkit-transition: 0.7s; { 94596. font-weight: 700; b. Attic and Crawl Space Inspection Requirements: clarifying that FHA requires an inspection. Fannie Mae will only purchase or securitize a mortgage that represents the highest and best use of the site as improved. endstream endobj 139 0 obj <>stream For information regarding accessory units that comply or do not comply with zoning, see B4-1.3-05, Improvements Sectionof the Appraisal Report. <>>> Our blog is for general educational and informational purposes only, and should not be construed as advertising or relied upon as legal advice. The information in this article can be impacted by many unique variables. -ms-transform: translateX(-100px) skewX(-15deg); We often get asked about non-conforming properties, such as residential properties in areas that are zoned commercial, or multiple units on one lot with ambiguous zoning. A reader asked a question about this in our comments section recently: I have a family who wants to purchase a home on commercial zoned property. I have a legal non conforming property which,in theevent of a fire, they need to knowI can rebuild as is. This topic contains information on reviewing the Site section of the appraisal report form, including: The property site should be of a size, shape, and topography that is generally conforming and acceptable in the market area. color: #fff !important; position: relative; So borrowers, agents, and sellers alike should know that while FHA home loans have FHA guidelines which have an important part to play in loan approval, they are not the sole guidance or set of regulations which must be heeded. -ms-flex-pack: center; Fannie Mae will not purchase or securitize a mortgage secured by a property that is subject to certain land-use regulations,such as coastal tideland or wetland laws, that create setback lines or other provisions that prevent the reconstruction ormaintenance of the property improvements if they are damaged or destroyed. Processing time may take up to 30 days. Please take a few minutes to watch a short training video. We know how big of a milestone it is to purchase a home and our Super Team of Mortgage Analysts is available to help guide you through the process every step of the way. If public sewer and/or water facilities, those that are supplied and regulated by the local government, are not available, community or private well and septic facilities must be available and utilized by the subject property. { Kiesling v. Long, No. transform: translateX(300px) skewX(-15deg); .blog-banner-shortcode .banner-blog-shortcode-button:hover C. Whenever a structure is damaged less than fifty percent (50%), the structure shall be replaced to its legal nonconforming status or replaced with a structure in conformance with the code. We recommend that you use the latest version of FireFox or Chrome. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. It has only (1) Certificate of Occupancy recorded with the city of Los Angeles and that CofO says it's a legal 10 unit apartment building. During the approval process for my mortgage my lender is asking for a rebuild letter. Legal Non-Conforming in Ontario - ReaLawState & Technology, News & It must also have competitive utilities, street improvements, adequate vehicular access, and other amenities. I guess I'm asking two things. version of a page. That is the crux of the issue-for FHA home loans, the FHA rule book is not only set of rules which apply to your transaction. Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. The concept provides that, simply put, zoning by-laws cannot apply retroactively. In the case of a non-conforming building type, i.e. Eminent domain B. Inverse condemnation C. Police powers D. Escheat C. Police powers garage within a required setback, show that the building was lawfully constructed or converted with an approved building permit. Enter the associated parcel/tax schedule number or change the search type by using the drop menu. If Property is legal non-conforming, evidence of zoning code's rebuilding requirements to rebuild the current improvements in case of casualty or condemnation. When removal of a pole sign is so required, the entire sign structure above grade, } Improvements, and The municipal code recognizes five basic categories of legal nonconformities: Nonconforming lots of record. content: ""; personal property (per the Uniform Commercial Code). 2 0 obj Improvements, and Wisconsin REALTORS Association The presence of sidewalks, curbs and gutters, street lights, and alleys depends on local custom. It DOES NOT certify conformance or non-conformance of existing uses or structures. How Can Builders Offer 3%+ Rates In a 6%+ World? A Rebuild Letter states that an existing structure (conforming or nonconforming) may or may not be . a mortgage debt obligation with a Fannie Mae credit enhancement. These lots were legal when they were subdivided but do not meet the current requirements for width, depth, access, or other requirements. Center, Apps Lender is requiring a rebuild letter - seller may walk, what - reddit Lender Letter, Freddie Mac and Fannie Mae have jointly developed the following documents that include modified language to be used with desktop appraisal reports and exterior-only appraisal reports: Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for . A nonconforming use is created when a zoning provision is adopted or amended to prohibit a particular use that lawfully existed prior to the enactment or amendment. <> Mandan, Mr. Barta, would reissue a "rebuild letter". padding: 18px 30px; 1485, Sept. (For best result, pose your search like a question. width: 60px; Pray that this letter miraculously takes half the time it normally does. If the use of comparable sales demonstrates that the improvements are reasonably typical and compatible with market demand for the neighborhood, and the present improvements contribute to the value of the subject property so that its value is greater than the estimated vacant site value, the appraiser should consider the existing use as reasonable and report it as the highest and best use. Fannie Maes appraisal report forms provide an area for the appraiser to indicate whether the property is located in a Special Flood Hazard Area that is identified on the Federal Emergency Management Agencys (FEMA) Flood Insurance Rate Maps. The lenders are refusing to allow an FHA residential loan for the property. In this book, author and investor Fannie Mae will not purchase or securitize a mortgage secured by a property that is subject to certain land-use regulations, such as coastal tideland or wetland laws, that create setback lines or other provisions that prevent the reconstruction or maintenance of the property improvements if they are damaged or destroyed. .blog-banner-shortcode .new-buttons a.new-btn:after { margin: 0; Is it possible the appraisal resulted in a legal nonconforming declaration that the lender wasnt happy with? The posted content contained on FHAnewsblog.com is for general information purposes only and is accurate and true to the best of our knowledge. & Technology, News & :new_smile-l: Since I always put a copy of the zoning regulation in the report for non-conforming properties, I rarely get a request for a rebuild letter. padding: 32px; personal property (per the Uniform Commercial Code). "@Jp s9cKQ C %WAb :$xL6&FUFgy` I'm going to talk to a mortgage broker today anyway. here. transform: translateX(-100px) skewX(-15deg); background: #FBAE42; <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> #top #wrap_all .blog-banner-shortcode #blog-banner-shortcode-subheading 0 About FHANewsBlog.com Tagged with: FHA Loan, FHA Loan Questions, FHA Loan Rules, FHA Loans, Real Estate. 135 0 obj <> endobj The subject property should front on a publicly dedicated and maintained street that meets community standards and is generally accepted by area residents. 2 0 obj 5 As the Fifth District Court of Appeal noted in Lewis v. City of Atlantic Beach, 467 So. The non-residential use of the Property must be legally permitted and conform to current zoning requirements.. personal property (per the Uniform Commercial Code). Legal nonconformities are structures or uses that have received building and zoning permits previously under the regulations in place at the time of construction. Take the next step towards finding your best mortgage. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Our popular blog is written daily by JVMs founder, Jay Voorhees. & Insights, Pricing & endobj Always identify the feature that does not conform to current zoning. We do not offer or have any affiliation with loan modification, foreclosure prevention, payday loan, or short-term loan services. S=`z&f3j I^VcVZbz&-4;z`)aNuU(X^THTunc cannot be rebuilt to the pre-casualty condition per current zoning requirements and building codes, you must: If you order a Zoning Report for the PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the FHANewsBlog.com is privately funded and is not a government agency. , you should consider: Joint and Several Borrowers with Multiple Properties, Subordination, Non-Disturbance and Attornment, Tenant Estoppel Certificate; Lease Modification, Acceptable Renewable Energy Generation Systems, Underwritten Net Cash Flow (Underwritten NCF), Property Previously Secured Bond Financing, Exception for Taxes, Assessments, or Other Lienable Items, Environmental Protection Lien Endorsement, Uniform Commercial Code (UCC) Financing Statements, Creating and Perfecting the Security Interest, General Insurance Applies to All Policies, Blanket and Other Policies Covering Multiple Properties, Business Income (including Rental Value) Insurance, Boiler and Machinery / Equipment / Mechanical Breakdown Insurance, Risk Retention Groups and Captive Insurance, Directors and Officers Liability Insurance, HPB Module, HPB Report, and Technical Solar Report Scoring, HPB Module, HPB Report, and Technical Solar Report Approval, Dependency and Medicaid Transition Reserve, Management, Operations, and Regulatory Compliance, Collateral; Tenant-Occupied and Affiliate-Owned Homes, Public Roadways, Private Interior Roadways, and Drives, Eligible Characteristics and Underwriting, Ineligible Characteristics and Underwriting, Affordable Regulatory Agreement Restrictions, Lien Priority and Title Insurance Policy, Additional Underwriting and Loan Documents, Properties with Both HAP Contracts and LIHTC Units, Transactions Funded with Tax-Exempt Bond Proceeds, Fannie Mae Credit-Enhanced Tax-Exempt Bond Issuance, Borrowers, Key Principals, Guarantors, and Principals, Lender FHA Risk Sharing Reserve and Loss Sharing Modifications, Cooperative Market Rental Basis NCF (Underwritten NCF), Cooperative Market Rental Basis DSCR (Underwritten DSCR), Small Mortgage Loan Underwritten NCF (Underwritten NCF), Site Inspection by Lender or Other Third Party, Prepayment Option 1 Declining Prepayment Premium Schedule, Prepayment Option 2 - 1% Prepayment Premium Schedule, Including the Cap Cost Factor in the Variable Underwriting Rate, Interest Rate Cap Contract Documentation and Delivery, Borrower, Guarantor, Key Principals, and Principals, Interest Rate Determination and Rate Lock, UCC Continuations, Amendments, and Terminations, Releasing/Reducing Letters of Credit or Other Collateral, Monthly Securitized Mortgage Loan Security Balance Reporting, Same Month Pooling Security Balance for First Reporting Cycle, Security Balances Due by Second Business Day, Monthly MBS Mortgage Loan Reconciliations - Pool-to-Security Balance Reconciliations (Not Applicable to PFP MBS), Required Annual Adjustment to Correct Principal Balance vs. Security Balance Difference, Pool-to-Security Reconciliation Certification, Adjustable Rate Mortgage Loan Interest Rate Changes and Required Monthly Payments, Monthly Reporting for ARM Loan Payment/Rate Changes, Delinquency Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Delinquency Advances on a Credit Enhancement Mortgage Loan, Servicing Advances on a Mortgage Loan other than a Credit Enhancement Mortgage Loan, Servicing Advances on a Credit Enhancement Mortgage Loan, Duration of Payment of Delinquency Advances or Servicing Advances, Reimbursement for Delinquency and Servicing Advances, Repayment of Servicing Advances from Borrower, No Capitalization of Servicing Advances for Securitized Mortgage Loans, Monthly P&I Remittance Due Dates for Cash and MBS Transactions, Additional Requirements for Monthly Remittance for Security Transactions, Securitized Mortgage Loans Remitting Fees to Fannie Mae, Guaranty Fee Due on 7th Calendar Day of Month, Same Month Pooling Interest and Guaranty Fee Remittance for First Reporting Cycle, Notification to Fannie Mae if Unable to Have Funds Available on any Remittance Date, Review of Applicable Loan Documents Required, Notification of Prepayment; Timing of Prepayment, Notice and Timing Consistent with Loan Documents, Borrower Notice Must Contain Date of Intended Prepayment and Comply with Notice Requirements of the Loan Documents, Loan Document Requirements for Payoff and Lockout Dates, Notice to Fannie Mae of Proposed Payoff; Use of Fannie Mae Payoff Calculator, Timing of Confirmation of the Full Prepayment Payoff Amount, Full Prepayment for Cash Transactions and PFP MBS, Confirming the Full Prepayment Payoff Amount, Full Prepayment for Securitized Transactions (Not Applicable to PFP MBS), Fannie Mae Approval Required for Partial Prepayments, Prepayment Premium Due on Partial Prepayment, Reporting and Remitting Partial Prepayments When Not Permitted in Loan Documents, Reporting and Remitting Partial Prepayments When Permitted in Loan Documents, Reporting and Remitting Partial Prepayments, Yield Maintenance Prepayment Premiums Prepayment Occurs Before the Yield Maintenance Period End Date, Calculation of Investors Share of Total Prepayment Premium for a Securitized Mortgage Loan, Calculation of Fannie Maes Share of Total Prepayment Premium, Calculation of Servicers Share of Total Prepayment Premium, Yield Maintenance Prepayment Premiums Prepayment Occurs On or After the Yield Maintenance Period End Date, Prepayment On or After Yield Maintenance Period End Date, Fixed Rate Mortgage Loans with Graduated Prepayment Premiums, Prepayment Premiums for ARM Loans and Structured ARM Loans, Prepayment Premium Waivers; Servicers Share of Prepayment Premium, Servicer Notification of Payoff Amount to Borrower, Calculating and Obtaining Confirmation of Payoff Amount, Fannie Mae Will Not Confirm Nor Is Responsible for Amounts Owing to Servicer, Fannie Mae Confirmation of Full Payoff Amount, No Quote to Borrower Until Fannie Mae Confirmation, Reporting the Payoff and Remitting the Payoff Funds, Reporting Full Payoff Amount Through the eServicing System Due By 2nd Business Day of Month, Post Payoff Document Retention Requirements, Monthly Bond Credit Enhancement Reporting, Monthly Remittances of Scheduled Payments to Bond Trustee, Replenishment of Withdrawals from the PRF, Collection and Remittance of Borrower Reimbursement Obligations for Fannie Mae Advances, Notice and Collection of Other Fees and Expenses, Bond Redemption Premiums Payable to Bondholders, Termination Fee or Prepayment Premium Payable to Fannie Mae, Termination When No Prepayment Occurs; Weekly Variable Rate Transactions, Mortgage Loan Documents Must Permit Defeasance, Notifying the Internal Revenue Service about Abandonments or Acquisitions (IRS Form 1099-A), Notifying the Internal Revenue Service about Cancellations of Indebtedness (IRS Form 1099-C), Coordination with Reporting Abandonments or Acquisitions, Borrower's T&I Impositions and Custodial Accounts, Monitoring Compliance with Loan Documents, Servicer Certification When Fannie Mae Approval Is Not Required, Servicer Certification When Fannie Mae Approval Is Required, Submitting the Request for Subordinate Financing, Funds as Additional Security for Mortgage Loan, Waiver or Modification of Terms of Collateral Agreement, Achievement Agreement or Other Agreement for Additional Collateral, Draws on Letters of Credit or Application of Other Collateral, Releasing Additional Escrows for Principal and Interest, Taxes and Insurance, and Replacement Reserves, Completion/Repair Loan Document Amendments, Green Rewards Efficiency Measure Verification, Replacement Reserve Loan Document Amendments, Modifications to Replacement Reserve Deposits, When Replacement Reserve Funding Was Partially or Fully Waived, Items Eligible for Funding from the Replacement Reserve, Items Not Eligible for Funding from the Replacement Reserve, Return of Replacement Reserve Funds to Borrower, Alternative Funding of Replacement Reserves for Portfolio Mortgage Loans, Replacement Interest Rate Hedge and Notification, Replacement Interest Rate Hedge Documents and Follow Up, No Financing for Property and Liability Insurance Premiums, Flood Map Changes; Obtaining Flood Insurance, Servicers Administrative Costs and Expenses, Required Casualty Loss Property Inspection, Documentation for Required Casualty Loss Property Inspections, Endorsement of Insurance Loss Draft or Check When Payable to Fannie Mae, Endorsement of Insurance Loss Draft or Check When Not Payable to Fannie Mae, Insurance Loss Draft or Check Not Payable to Either Fannie Mae or Servicer, Borrowers Failure to Diligently Pursue Repair, Decisions Delegated by the Delegated Transaction Form 4636 series, Supplemental Mortgage Loans Not Permitted, Decisions and Actions Delegated and Not Delegated, Seniors Housing Expansion/Conversion Requests, Request Changes in Unit Count/Mix in the MAMP, Bond Transactions and Credit Enhancement Mortgage Loans, Compliance Issues Relative to Bond Credit Enhancement Transactions, Monitoring Compliance; Notification of Noncompliance, Default Notice for Failure to Comply with the Bond Documents, Multifamily Affordable Housing (MAH) Properties, HAP Contract Approval and Releasing Restabilization Reserve, Quarterly Financial Analysis of Operations, Borrower Fails to Provide Guarantor Financial Reports, Lender Tenders for Minor or Immaterial Defaults, Definition of Non-Performing Mortgage Loan, Partial Payments by Borrower Do Not Change Date of Default, Timing for Imposition of Late Charges and Default Interest, No Deduction for Late Charges or Default Interest, Enforceability of Late Charges and Default Interest, Notice to Fannie Mae of Performance Default, Full Payment After Expiration of Period Before Assessing Late Charges, Copies of Letters Sent to Borrower; Correspondence with Borrower, Funding Capital Repairs During Default Resolution, Documenting the Property Management Change, Servicer Performs Loss Mitigation Actions, Servicer Workout Action Template (SWAT), Fannie Mae Performs Loss Mitigation Actions, Election and Implementation of a Course of Action, Course of Action Lender Purchase of Mortgage Loan, Course of Action Lender Workout Election, Documentation and Terms of Lender Workout, Lender Workout Has No Impact on Loss Sharing or Recourse Obligation, Servicer Makes Delinquency Advances But Fails to Report Mortgage Loan Delinquent, Foreclosure Process Continues Unless Otherwise Agreed to by Fannie Mae, Delinquency Advances Must Be Made During Negotiation of Joint Workout, Modification, Extension, and Forbearance Fees, Management of Property Post Title Vesting in Fannie Mae, Course of Action Note Sale Election or Discounted Loan Payoff, Note Sale and Discounted Loan Payoff Defined, Any Note Sale or Discounted Payoff Gives Rise to Loss Sharing Event, Note Sale Secondary Risk Mortgage Loans, Discounted Loan Payoff - Secondary Risk Mortgage Loans, Calendar Days 31 through 60 after a Payment Default or Performance Default, No Disclosure of Lenders Contract Terms to Borrower; Borrower Not a Third-Party Beneficiary of Lender Contract, Asset Audits for Secondary Risk Mortgage Loans, Special Requirements for the Environmental Assessment, Appraisal Notice and Election of Appraisal Methodology.

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