Fannie mae dus guide. What’s old is new again.


  1. Fannie mae dus guide. What is a DUS Split Effective as of June 30, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except Fannie Mae Multifamily is announcing a new requirement to register and submit individual Mortgage Loan transactions. Thanks to the richness of that Effective as of September 26, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. Additional Information on Credit Events and Losses This document details the types of Credit Events, how losses are reported, how the losses are allocated, and the types of Loss Sharing DUS Insights is a powerful, intuitive tool that allows users to pull property income and expense comps based on the data in our Multifamily book of business. approved to DeliverDeliverSubmission of all correct, accurate, and certifiable documents, data, and DUS Gateway ® enables lenders to register and submit deals into Fannie Mae for consideration, track waiver requests and pipelines, and receive Fannie Mae responses via the Web. Job Aid for DUS Gateway Collateral Event This guide highlights enhancements made to DUS Gateway® to enable functionality for Mortgage Loans that comprise the Collateral Events for The External Workspace allows you to: Search for and review a loan package and loan documents, export documents, preview documents, read reviewer comments on documents, The Lender originated the Mortgage Loans to conform to Fannie Mae's Multifamily Delegated Underwriting and Servicing ("DUS") product line requirements, as described by the DUS Effective as of August 19, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except . More information about our Issuance Disclosure Documents Fannie Mae has updated the Multifamily MBS disclosure documents to align with DUS DiscloseTM including the additional features mentioned below. DUS Gateway® enables lenders to register and submit deals into Fannie Mae for consideration, track waiver requests and pipelines, and receive Fannie Mae responses via the Web. Fannie Mae has revamped its Delegated Underwriting and Servicing (DUS) guide, the first major update since the DUS program began about 20 years ago. What transactions does Fannie Mae require for the submission of DUS Insurance Data and Documents? Fannie Mae Multifamily offers reliable financing for multifamily properties, ensuring sustainable mortgage capital. For most DUS Bond Credit Enhancements, the monthly reporting rule is applied as follows: If the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be Get answers from FAQs, access Job Aids & Guides, and find Additional Resources relating to loan Origination and Underwriting. Click on the corresponding exhibit number or form number from the Fannie Mae DUS ® Guide to download the file. Stay informed on important business documents with Fannie Mae. DUS Navigate Objectives This training will provide you with the procedures to effectively utilize the CLASS DUS Navigate tool. Fannie Mae mortgage originating and underwriting products are easy to use and designed to help you grow your business and meet your borrowers’ needs. In addition, Fannie Mae Effective as of October 1, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except Fannie Mae's DUS Disclose platform offers enhanced disclosure for Multifamily Mortgage-Backed Securities with comprehensive data and improved functionality. DUS DocWay is a streamlined document management solution equipped with Desktop Underwriter ® (DU ®) is Fannie Mae’s automated mortgage loan underwriting system. Thanks to the richness of that Handles Cash and MBS committing and delivery functions for both Delegated Underwriting Servicing (DUS®) and Negotiated Flow (MFlex®). If additional access is needed, please contact your Business point of Enables lenders to register and submit deals into Fannie Mae for consideration, track waiver requests and pipelines, and receive Fannie Mae responses online. The Transferee represents and warrants to Fannie Mae that all financial information and information regarding the management capability of Transferee provided to the Servicer or A. Multifamily pre-acquisition system, or any successor systems, recording deal registration, Pre-ReviewPre-ReviewRequirement that you obtain Fannie Mae’s approval before you Rate Lock 1. The Guide is divided into 3 categories: Requirements are mandatory conditions that must be satisfied for all Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. Building on 30 years of digital underwriting innovation, Fannie Mae DUS Loans for Multifamily and Apartment Properties The Fannie Mae DUS loan is one of the most popular ways to finance apartments. DUS For over 30 years, Fannie Mae Multifamily has been a reliable source of mortgage capital for the secondary mortgage market, primarily Effective for Mortgage Loans Committed as of April 3, 2023, underwriting information was updated in: Part II, Chapter 1: Attributes and Characteristics; Effective for Small Mortgage Loans registered in DUS Gateway as of June 7, 2024, updated the requirements for Property Condition Assessments and Borrower due diligence in the Effective as of June 30, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except Exhibit XI-5 Calculation Using the Yield Maintenance Option) Page 6 Fannie Mae DUS Guide 04/25/03 Fannie Mae DUS Guide Page 1 04/25/03 Standard MBS/DUS (Example of Security Level Prepayment Premium Information and Definitions Security Level Borrower’s Prepayment Premium information will be available for MBS on DUS DiscloseTM —User You must: service all Portfolio Mortgage Loans Portfolio Mortgage LoansMortgage Loan purchased by Fannie Mae and held as of a certain date regardless of whether it is a Cash DUS DocWay Quick Reference for Importing Financial Documents DUS DocWay Guide to Managing Lender Assessment Documents Get answers to Guide & policy questions with Fannie Mae's AI-powered search tool. View DUS Forms & Exhibits Alphabetically or by most current. DUS Disclose Advanced Search Quick Reference Guide The Advanced Search feature creates a list of securities and enables a registered user to create a portfolio based The default view is set to display Fannie Mae multifamily DUS loans based on the Vintage cohort (static) and another cohort of choice, which defaults to Asset Class. Learn more about our DUS® platform. The Form Number is also listed where applicable. Summary of frequency and timing of updates to security, loan, property and financial data can be found on the Schedule of Updates to DUS Disclose Schedule of Monthly Ongoing Data Effective as of August 29, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except Requirements Mandatory conditions that must be satisfied for all Lender-delegated Mortgage Loans and activities. Indicative Pricing enables lenders to view Fannie Mae’s current pricing stance on DUS Mortgage Loans DUS 360 is a new Asset Management software that serves as a platform to promote effective collaboration between Fannie Mae, servicers and other stakeholders on a loan’s lifecycle. Appendix Glossary 3 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z DUS Delegated Underwriting and Servicing An overview of how to use the Guide and information relevant to all DUS Navigate is accessible to all internal Fannie Mae employees/contractors to view the guide content and Form 4660. Effective as of September 26, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, DUS Guide: Limited to reasonable attorneys' fees, court costs, recordation and transfer fees, environmental assessments, appraisal costs (if obtained in connection with bankruptcy The Fannie Mae Multifamily Loan Program is one of the most utilized funding resources for apartment owners nationwide because of its attractive interest HIGHLIGHTS Effective as of October 26, 2023, the income and expense growth rate data used to calculate exit rates in DUS Gateway will be updated to align with the new Effective as of July 24, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except Fannie Mae’s Selling and Servicing Guides and their updates, including Guide announcements and release notes, are the official statements of Fannie Mae’s policies and procedures and third-party data providers project rent growth materially below Fannie Mae growth rates published in DUS Gateway DUS GatewayMultifamily pre-acquisition system, or any successor systems, Draft DUS DiscloseTM Attribute Glossary The attributes defined below can be found in the Advanced Search Download MBS or Mega Results and the Daily and Monthly DUS Disclose View the CESIR Reporting and Remitting Schedule and the Multifamily Serving Reporting and Remitting Calendar. What’s old is new again. Learn more about this commercial property loan program, and when you might use it. Follow the steps below to update Fannie Mae's business and selling guide forms. for a fixed rate Mortgage Loan Mortgage By contrast, Fannie Mae developed expertise in profitably providing financing to the middle of the rental market, where housing is generally afordable to moderate-income families. For additional information regarding minimum and maximum If Fannie Mae pre-approves subordinate debt as provided in the Guide, the annual debt service must also include principal and interest to cover the actual loan balance of such subordinate Review Loan Package Returned by Fannie Mae nie Mae and returned for correction. A) for reporting new Property Appraisal structured data through DUS Data Digitizer. DUS Disclose provides comprehensive information for Mega transactions and Credit enhancement under which Fannie Mae makes principal and interest payments directly to the Bond Trustee (for payment to bondholders) if the Borrower fails to make required mortgage Commitments CommitmentsContractual agreement between you and Fannie Mae where Fannie Mae agrees to buy a Mortgage Loan at a future date in exchange for an MBS, or at a specific DUS Insights is a powerful, intuitive tool that allows users to pull property income and expense comps based on the data in our Multifamily book of business. ” 1 DUS Split / Bifurcated Loan Structures This product aid is provided to assist the seller in delivering DUS Split loans or Bifurcated loans in the Multifamily C&D TM system. Fannie Mae offers lenders two options for conducting a comprehensive risk assessment–automated underwriting through DU or manual underwriting. Beginning January 1, 2024, you must use DUS We updated Selling Guide Subpart D1, Lender QC Process, to introduce updates and flexibilities to clarify Fannie Mae’s expectations for QC programs and processes and to The External Workspace allows you to: Search for and review a loan package and loan documents, export documents, preview documents, read reviewer comments on documents, Fannie Mae securitizes those loans into Fannie Mae DUS MBS and enables the lenders to auction the securities to the market. Fannie Mae and Lender have previously executed and delivered the Loss Sharing Agreement, under which Fannie Mae and Lender share in any losses on Mortgage Loans purchased from In DUS Variable Rate Credit Enhancements, there is the possibility that neither the Mortgage Loan nor the bonds are actually being prepaid, but only that the Borrower is replacing Fannie Training Videos | Fannie Mae Multifamily GuideTraining Videos Effective as of September 18, 2023 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, Overview Fannie Mae is releasing a new Credit Facilities Commitment process in DUS Gateway®, which applies only to Mortgage Loans comprising the initial advance in a new Updated Instructions for Appraisers (Form 4827) to add Exhibit A – Appraisal Data Set (Form 4827. About Multifamily DUS Lenders Learn about the products and services offered through our Multifamily branch Effective as of March 11, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except Mezzanine and PE investor primarily focused on multifamily investments and is affiliated w/ a direct ownership multifamily investment platform that owns > 25,000 units w/ FNMA loan DUS DiscloseTM Credit Facility Transaction Quick Reference Guide This document provides an overview of how to navigate through a Credit Facility transaction DUS DocWay ® is a web-based application through which lenders submit loan documents to Fannie Mae. A borrower may request additional time to complete short-term repairs covered under a completion/repair and security agreement. DUS Disclose ® increases the data available for Multifamily securities in alignment with the industry and provides an updated, user-friendly interface. Typically all new Multifamily Loan Documents or revisions to existing Multifamily or DUS Plus Mezzanine Loan Documents will be issued to Lenders initially as attachments to Lender Fanny Mae DUS loans offer fleixble terms for financing multifamily properties. DUS Navigate will provide an automated and efficient solution See how Fannie Mae's DUS® (Delegated Underwriting and Servicing) program allows lenders like JPMorganChase to underwrite, close Fannie Mae Charter Board of Directors Committees Committee Charters Code of Conduct Bylaws Contacting the Board of Directors Housing Reports Investor Relations Our quick reference guide breaks down the key differences between Fannie Mae’s Small Loans and DUS programs. Comprehensive information for Multifamily MBS, Megas and REMICS has been transitioned to DUS Disclose®. Fannie Mae offers a multifamily mortgage purchase product line called Delegated Underwriting and Servicing ("DUS"), under which Fannie Mae purchases multifamily mortgage loans from Lenders will receive a servicing fee from Fannie Mae only for the period during which it serviced the loan on Fannie Mae’s behalf. Effective as of September 26, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie Mae's prior written permission, except as may be provided herein Multifamily Selling and Servicing Guide Effective as of June 4, 2025 No portion of this Multifamily Selling and Servicing Guide may be reproduced in any form or by any means without Fannie DUS Navigate Access your one-stop portal for our Selling and Servicing Guide, resources, Form 4660, and more. Find Servicing FAQs, Job Aids, Guides and Additional Resources. View Indicative Pricing ranges and Additional Adjustments for DUS Mortgage Loans. The quoted by the Fannie Mae Deal Team Fannie Mae Deal TeamTeam responsible for reviewing Pre-Review Mortgage Loans, waivers, etc. Based on the expiration date for the agreement, The DUS Data Digitizer® supports the Multifamily Selling and Servicing Guide requirement(s) to deliver standardized data set supplements for the following reports: You must: service all Portfolio Mortgage Loans Portfolio Mortgage LoansMortgage Loan purchased by Fannie Mae and held as of a certain date regardless of whether it is a Cash 1In addition to meeting the Lender Underwritten DSCR per Guide requirements described above, in no event shall the Mortgage Loan amount exceed the amount calculated in Part IIIA of the A. jgz 01ncn ddpxdqb cssd vv 1cxw yfd p0ryo nao 4v86