Users must have the same institution/portfolio identified for each application in Technology Manager. Cade Cowell Fifa 20, MLS. Founded in 1938 during the Great Depression as part of the New Deal,[3] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),[4] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Each individual user needs to have their own user ID. 3412 3/31/2022. SG_POPUP_VERSION='3.377_4;'; Note:You can also click the hyperlink under Underwriting Recommendation in the Loan Information screen or the View Findings link in the navigation bar on the left side of the Loan Information screen. The FHFA is reportedly seeking $4 billion from JPMorgan to resolve its claims over $33 billion worth of securities sold to Fannie and Freddie by JPMorgan, Bear Stearns and WaMu. For example, if you are currently viewing the Findings report and you want to view the credit report, click. If they went bankrupt there would be mass upheaval on a global scale.[43]. 3410 3/31/2022. During the sub-prime era, every Fannie Mae prospectus read in bold, all-caps letters: "The certificates and payments of principal and interest on the certificates are not guaranteed by the United States, and do not constitute a debt or obligation of the United States or any of its agencies or instrumentalities other than Fannie Mae." Often, banks would offload this risk to insurance companies or other counterparties through credit default swaps, making their actual risk exposures extremely difficult for investors and creditors to discern. Please login as a Technology Manager for Fannie Mae, click on Manage System IDs link on Dashboard. [55], In May 2013, Fannie Mae announced that it is going to pay a dividend of $59.4 billion to the United States Treasury. Existing loan mortgage insurance information message (deferred to a future release Sept. 17, 2021) The message issued specifying the mortgage insurance (MI) provider that currently has coverage in place on the existing Fannie Mae loan will be updated to also include the MI certificate number. Pachattar Number In English, The first step, below, assumes that you have already logged in with your password, that the loan casefile has already been submitted for underwriting, and that you are in the Loan List. by closing liab. The regulations require normal financial institutions to maintain a capital/asset ratio greater than or equal to 3%. As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated. hb```,|. For example, Tom Lund, the head of our single-family mortgage business, publicly stated, "One of the things we don't feel good about right now as we look into this marketplace is more homebuyers being put into programs that have more risk. [52][53][54], On June 16, 2010, Fannie Mae and Freddie Mac announced their stocks would be delisted from the NYSE. body.admin-bar {margin-top:32px !important} 1461), in the spring of 2005. Company Name: Fannie Mae, Stock Symbol: FNMA, Industry: Banking and Finance, Total Posts: 665640, Last Post: 2/9/2021 8:57:38 PM Vonnie Quinn Music, Nissan Rogue Bed, Ion Color Brilliance Titanium On Brown Hair, Spacex Car Emblem, Toyota Aurion Touring, Note: In the Classic version, if there is more than one loan application, then only the Primary Borrower, and if applicable Co-Borrower, on the first loan application will be listed at the top of the Underwriting Findings report and the Underwriting Analysis report. The US Treasury Department and the Federal Reserve took steps to bolster confidence in the corporations, including granting both corporations access to Federal Reserve low-interest loans (at similar rates as commercial banks) and removing the prohibition on the Treasury Department to purchase the GSEs' stock. 9: DUNS (Data Universal Numbering System) with 4 digit suffix: Partner identification code assigned by Dun & Bradstreet with the 4 digit suffix. 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV( NmIiz?3vxh\1#F+53n8cS]r^[ %p+? FNMA is exempt from state and local taxes, except for certain taxes on real estate. Boost mobile compared to verizon 1 . Annalee Fery Thomas, Your email address will not be published. The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. For UCD and other subsystem, please add the following application (FMSSO) and role (B2BGateway). UCC Communications ID (Uniform Code Council Communications Identifier) The Uniform Code Council Communications Identifier is a ten digit code used to uniquely identify physical and logical locations. [22], In 1999, The New York Times reported that with the corporation's move towards the subprime market "Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated. The growth of private-label securitization and lack of regulation in this part of the market resulted in the oversupply of underpriced housing finance[36] that led, in 2006, to an increasing number of borrowers, often with poor credit, who were unable to pay their mortgages particularly with adjustable rate mortgage loans (ARM), caused a precipitous increase in home foreclosures. Helping lenders serve homebuyers and homeowners with affordable mortgages, Financing for safe, quality rental housing in every market, every day, Reducing risk and enhancing housing finance liquidity, Reliable information on housing and financing options for homebuyers and renters. Eastside Funeral Home Obituaries, Not applicable. [88] The changes made by the bill would mean that Fannie Mae and Freddie Mac were counted on the budget instead of considered separately and would mean that the debt of those two programs would be included in the national debt. Current Value - Check omitted/pd. The loan is reviewed and the process has to be finished and the plan reviewed by the Underwriting Lead (again, same person) before it is assigned to Fannie Mae for a final determination. window.a2a_config=window.a2a_config||{};a2a_config.callbacks=[];a2a_config.overlays=[];a2a_config.templates={}; Good Food In Spanish, This depreciation in home prices led to growing losses for the GSEs, which back the majority of US mortgages. Elizabeth Sharkey Clemson, Even though DU supports four borrowers, the most that will be displayed in the Underwriting sections is two borrowers. Lastly, money market funds have diversification requirements, so that not more than 5% of assets may be from the same issuer. About the Mortgage Lender Sentiment Survey, About the Refinance Application-Level Index, Fannie Mae Partners with Multifamily Industry to Launch 2023 Multifamily Energy and Water Survey, Fannie Mae Executes its First Credit Insurance Risk Transfer Transaction of 2023 on $11.8 Billion of Single-Family Loans, Fannie Mae Releases January 2023 Monthly Summary, Homeowners Increasingly Worried About Ability to Save Money and Make Housing Payments. Fannie Mae error: Unable to set the correct permissions on the .FILENAME. For ranges, you can enter a minimum, maximum, or both. Kramer Baretta Special Pickup Replacement, Barnes Tsx 223, Long Distance Pigeon Racing Tips, Fannie and Freddie Stock Tickers - Preferred Spreadsheet - Circulars: MH: 11/25/19: Predictions Anyone? Krovvidy S. (2008). Mortgage Details: Marlin 1898 Stock, Msg id 3403 fannie mae. SG_APP_POPUP_URL = 'https://www.opportunityzonehub.org/wp-content/plugins/popup-builder-platinum'; We now help lenders consider positive rent payment history in mortgage credit evaluations, an important step in creating homeownership opportunities. Annalee Fery Thomas, Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. [56], Fannie Mae's 2014 financial results enabled it to pay $20.6 billion in dividends to Treasury for the year, resulting in a cumulative total of $134.5 billion in dividends through December 31, 2014 approximately $18 billion more than Fannie Mae received in support. This was called "The big, fat gap" by Alan Greenspan. Icarus References In Pop Culture, Little Dee Jail, Smart 453 Turbo Upgrade, There may be multiple Underwriting Findings reports for the same loan casefile. Section 711 FHA Risk Sharing 711.01 Description. Usssa Softball Tournaments Ct, Reverso Correcteur De Texte En Espagnol, Fannie Mae Underwriting Guidelines 3 July 24, 2003 Maximum Loan Amounts and LTVS: (continued) The charts below do not apply to Manufactured Homes closing on or after August 1, 2003. SG_POPUP_DATA = []; Terry Crews House, Nissan Rogue Bed, To print the report you are currently viewing, click the, When you are done reviewing the Underwriting Findings report and Underwriting Analysis report, click the. You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. By 1933, an estimated 20 to 25% of the nation's outstanding mortgage debt was in default. 9: DUNS (Data Universal Numbering System) with 4 digit suffix: Partner identification code assigned by Dun & Bradstreet with the 4 digit suffix. 711.02 B Generally. " /> The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. What Is Your Occupation , Canadian Singer Lisa Hoffman, View Release Notes The Show Changes function displays message changes that have occurred since the most immediate version of the casefile was submitted through DU. used as an informal name for the Federal National Mortgage Association compare FNMA see also Federal Housing Finance Agency. The question of whether any individual bankers will be held to account is another matter. Uncle Croc's Block, Home; Fannie Mae and EDI Code Conversions. !function(a,b,c){function d(a){var b,c,d,e,f=String.fromCharCode;if(!k||!k.fillText)return!1;switch(k.clearRect(0,0,j.width,j.height),k.textBaseline="top",k.font="600 32px Arial",a){case"flag":return k.fillText(f(55356,56826,55356,56819),0,0),! The Federal Housing Finance Agency directed the delisting after Fannie's stock traded below $1 a share for over 30 days. display: inline !important; box-shadow: none !important; else if (element.attachEvent) There usually exists a large difference between the rate at which it can borrow and the rate at which it can 'lend'. }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 Smart 453 Turbo Upgrade, This feature is only available in reports that have at least two submissions. Relationship Conflict Scenarios, Please verify and re-enter the complete address or FIPS code. 1461: Federal Housing Finance Reform Act of 2005", "Explaining the Housing Bubble by Adam J. Levitin, Susan M. Wachter", "Fannie, Freddie bailout to cost taxpayers $154 billion", "Loan-Agency Woes Swell From a Trickle to a Torrent", "Woes at Loan Agencies and Oil-Price Spike Roil Markets", "Statement of FHFA Director James B. Lockhart", "Fact Sheet: Questions and Answers on Conservatorship", "Treasury to Rescue Fannie and Freddie: Regulators Seek to Keep Firms' Troubles From Setting Off Wave of Bank Failures", "Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say", "U.S. For best results, pose your search like a question. It purchases whole loans and then securitizes them for the investment market by creating MBS that are either retained or sold. Boost mobile compared to verizon 1 . The most award-winning and a new-age team building company that delivers experiential engagement for corporates, conferences and event agencies. [79], On December 18, 2006, U.S. regulators filed 101 civil charges against chief executive Franklin Raines; chief financial officer J. Timothy Howard; and the former controller Leanne G. Spencer. [44] In addition, a lawsuit has been filed against the federal government by the shareholders of Fannie Mae and Freddie Mac, for a) creating an environment by which Fannie and Freddie would be unable to meet their financial obligations b) forcing the executive management to sign over the companies to the conservator by (a), and c) the gross violation of the (fifth amendment) taking clause. Fannie and Freddie bonds were owned by everyone from the Chinese Government, to money market funds, to the retirement funds of hundreds of millions of people. Obadele Thompson Wife, This hard stop is an indicator that there are one or more Fannie Mae messages. ", "General Records of the Department of Housing and Urban Development", National Archives and Records Administration, "12 U.S. Code Chapter 13, Subchapter III - National Mortgage Associations | LII / Legal Information Institute", "George Bush: Statement on Signing the Housing and Community Development Act of 1992", "12 U.S. Code 4501 - Congressional findings | LII / Legal Information Institute", "12 U.S. Code 4562 - Single-family housing goals | LII / Legal Information Institute", "Fannie Mae Eases Credit To Aid Mortgage Lending", "Key Figures in the Financial Crisis: Franklin Raines and Daniel Mudd", "Opening Statement as Submitted to the U.S. House Committee on Financial Services", "Fannie Mae's Loss Risk Is Larger, Computer Models Show", "The Black Swan: Quotes & Warnings that the Imbeciles Chose to Ignore", http://www.govtrack.us/congress/record.xpd?id=109-s20050126-53&bill=s109-190#sMonofilemx003Ammx002Fmmx002Fmmx002Fmhomemx002Fmgovtrackmx002Fmdatamx002Fmusmx002Fm109mx002Fmcrmx002Fms20050126-53.xmlElementm39m0m0m, "S. 190: Federal Housing Enterprise Regulatory Reform Act of 2005", "H.R. [40] Some worried that Fannie lacked capital and might go bankrupt. Unfortunately, Fannie Mae-quality, safe loans in the subprime market did not become the standard, and the lending market moved away from us. margin: 0 .07em !important; [30] Sen. John McCain's decision to become a cosponsor of S.190 almost a year later in 2006 was the last action taken regarding Sen. Hagel's bill in spite of developments since clearing the Senate Committee. Moberg Smokers Reviews, Note: The Show Changes function displays message changes that have occurred since the most immediate version of the casefile was submitted through DU. Only user IDsmay be used to access thenew UI (3.4 format)via the launch buttons on thenewUI webpage. Home; Fannie Mae and EDI Code Conversions. Waking Up Crying Psychology, Yamaha Tsr-700 Firmware Update, 1056 0 obj <>stream DU performs a comprehensive evaluation of these factors, weighing each factor based on the amount of risk it represents and its importance to the recommendation. Fannie Mae and Freddie Mac were allowed to hold less capital than normal financial institutions: e.g., they were allowed to sell mortgage-backed securities with only half as much capital backing them up as would be required of other financial institutions. Richard Edelman Debbie Rowe, For additional information, see B4-1.3-04, Site Section of the Appraisal Report Today, more than ever, mortgage industry professionals need to save time to generate more Hbo Max , Zippay Declined Me, Submitting a retail loan casefile for an underwriting recommendation. The order brought to conclusion a rare trial addressing alleged mortgage-related infractions committed during the housing boom. Fannie Mae customers! Warren Todd Age, endstream endobj 1017 0 obj How To Shred Carrots With A Mandolin, It conducted a comprehensive review of the Appraisal Requirements (B4-1) chapters of the Selling Guide. endstream endobj 693 0 obj <>stream To see the Underwriting Analysis Report, click the associated link in the right-side menu. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. Spacex Car Emblem, Lace Monitor Baby, The Desktop Underwriter Findings will be displayed. "[33] The legislation met with opposition from both Democrats and Republicans at that point and the Senate never took up the House passed version for consideration after that.[34]. Note: Could mean that there is an issue with the file permissions associated to the credit report. In 1992, President George H.W. {"@context":"http:\/\/schema.org","@type":"WebSite","@id":"#website","url":"https:\/\/www.opportunityzonehub.org\/","name":"Opportunity Zone Hub","potentialAction":{"@type":"SearchAction","target":"https:\/\/www.opportunityzonehub.org\/?s={search_term_string}","query-input":"required name=search_term_string"}} In contrast, the wholly public FHA/Ginnie Mae maintained their underwriting standards and instead ceded market share.[36]. In late 2004, Fannie Mae was under investigation for its accounting practices. 10/1/2018 Desktop Underwriter Findings 2/ 11 Appraisal Wai ver Not Eligible Collateral Rep & Warrant Not Eligible 1 The risk prole of this loan casele appear s to meet Fannie Mae's guidelines. If underwriting findings have not yet been returned for the loan casefile, the Desktop Underwriter Findings links will not appear. [89] These programs themselves would not be changed, but how they are accounted for in the United States federal budget would be. To address this, Fannie Mae was established by the U.S. Congress in 1938 by amendments to the National Housing Act[9] as part of Franklin Delano Roosevelt's New Deal. Annalee Fery Thomas, One of the most important things to realize is before a mortgage loan application can be processed and underwritten is to get a DU ( Desktop Underwriter) automated approval by Fannie Maes Automated Underwriting System. Ibis Ripmo Af Used, Guide Resources For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. System IDs or user IDsmay be used to access DU/DO through theclassic UI(3.2 and 2.3.1 formats) launch buttons on theDU/DO webpage. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980s. PK ! [citation needed][69]. In 2022, Fannie Mae was ranked number 33 on the Fortune 500 rankings of the largest United States corporations by total revenue. Doc Emrick Parkinson's, Note:There may be multiple Underwriting Findings reports for the same loan casefile. This changed in 1968. 711.03 Mortgage Insurance . " /> Fannie Maes Automated Underwriting You can view and print the Underwriting Findings and Underwriting Analysis reports in DU that have already been requested for a loan casefile. From which data sources would you like to get listings? those not insured by the FHA, VA, or FmHA, and created the Federal Home Loan Mortgage Corporation (FHLMC), colloquially known as Freddie Mac, to compete with Fannie Mae and thus facilitate a more robust and efficient secondary mortgage market. Shareholder pressure pushed the GSEs into competition with PLS for market share, and the GSEs loosened their guarantee business underwriting standards in order to compete. Because of the size, scale, and scope of the United States single-family residential and commercial residential markets, market participants viewed Fannie Mae corporate debt as having a very high probability of being repaid. Fannie Mae makes money partly by borrowing at low rates, and then reinvesting its borrowings into whole mortgage loans and mortgage backed securities. Horse In 3d Google, Stevie Johnson Wife, Resolution/Follow-Up. Horse In 3d Google, Fannie Mae is fully operational and taking every step to help ensure a safe and sound housing market amid the Coronavirus (COVID-19) crisis. [citation needed]. Good Food In Spanish, Please resubmit. - July 21, 2003", http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2018/q42018.pdf, https://en.wikipedia.org/w/index.php?title=Fannie_Mae&oldid=1141141906, Renee Lewis Glover, Age 69, Independent director since January 2016, Michael J. Heid, Age 61, Independent director since May 2016, Robert H. Herz, Age 65, Independent director since June 2011, Antony Jenkins, Age 57, Independent director since July 2018, Diane C. Nordin, Age 60, Independent director since November 2013, Jonathan Plutzik, Age 64, Board chair since December 2018, Independent director since November 2009, Manuel "Manolo" Snchez Rodrguez, Age 53, Independent director since September 2018, Ryan A. Zanin, Age 56, independent director since September 2016, Hugh R. Frater Interim Chief Executive Officer, Timothy J. Mayopoulos Former Chief Executive Officer, Celeste M. Brown Executive Vice President and Chief Financial Officer, Andrew J. Bon Salle Executive Vice PresidentSingle-Family Mortgage Business, Jeffery R. Hayward Executive Vice President and Head of Multifamily, Kimberly H. Johnson Executive Vice President and Chief Operating Officer. } Fannie mae msg id 3403. [39], Fannie stock plunged. As a result, home prices declined as increasing foreclosures added to the already large inventory of homes and stricter lending standards made it more and more difficult for borrowers to get loans. JPMorgan originally sought to be protected from any criminal charges as part of this deal, but that request was rejected by the government. In early 2005 we began sounding our concerns about this "layered-risk" lending. The action was "one of the most sweeping government interventions in private financial markets in decades". 711.02 Eligibility. [83] "The SEC alleges they 'knew and approved of' misleading statements claiming the companies had minimal exposure to subprime loans at the height of home mortgage bubble. SG_POPUPS_QUEUE = []; Cade Cowell Fifa 20, MLS. window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/2.2.1\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/2.2.1\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/www.opportunityzonehub.org\/wp-includes\/js\/wp-emoji-release.min.js?ver=4.7.19"}}; Huawei B535 12v, List Of Black Nfl Head Coaches, Little Dee Jail, Schuyler Sisters Lyrics, Canadian Singer Lisa Hoffman, 2020 Fannie Risk Of Rain 2 Sensitivity Converter, Huawei B535 12v, However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street. Pachattar Number In English, The first step, below, assumes that you have already logged in with your password, that the loan casefile has already been submitted for underwriting, and that you are in the Loan List. endstream endobj 690 0 obj <>/Metadata 29 0 R/Outlines 42 0 R/Pages 687 0 R/StructTreeRoot 44 0 R/Type/Catalog/ViewerPreferences 708 0 R>> endobj 691 0 obj <>/MediaBox[0 0 792 612]/Parent 687 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 692 0 obj <>stream Required fields are marked *. Both the classic and new UI app codes are needed for users to access the full functionality of the new DU/DO UI. On June 15, 2000, the House Banking Subcommittee On Capital Markets, Securities And Government-Sponsored Enterprises held hearings on Fannie Mae. [81] The "Friends of Angelo" VIP Countrywide loan program included many people from Fannie Mae; lawyers, executives, etc.[82]. On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. For example, if you are currently viewing the Findings report and you want to view the credit report, click. As recently as 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) had owned or guaranteed about half of the U.S.'s $12 trillion mortgage market. [15] In the 1968 change, arising from the Housing and Urban Development Act of 1968, Fannie Mae's predecessor (also called Fannie Mae) was split into the current Fannie Mae and the Government National Mortgage Association ("Ginnie Mae"). Fannie Mae was the biggest buyer of Countrywide's mortgages. HomePath. This is known as the "conforming loan limit". See HR 3221, signed into law as Public Law 110-289: All the Devils are Here, Bethany McClean, Joe Nocera, Penguin/Portfolio 2010. Investors, or purchasers of Fannie Mae MBSs, are willing to let Fannie Mae keep this fee in exchange for assuming the credit risk; that is, Fannie Mae's guarantee that the scheduled principal and interest on the underlying loan will be paid even if the borrower defaults. The Reluctant Astronaut Full Movie, The following is a list of Fannie Maes published special feature codes (SFC) applicable to delivery of single-family mortgage loans. (b.addEventListener("DOMContentLoaded",g,!1),a.addEventListener("load",g,!1)):(a.attachEvent("onload",g),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),f=c.source||{},f.concatemoji?e(f.concatemoji):f.wpemoji&&f.twemoji&&(e(f.twemoji),e(f.wpemoji)))}(window,document,window._wpemojiSettings); In 2004, these rules were dropped and high-risk loans were again counted toward affordable housing goals.[25]. Those investments bolstered profits but, in the bust, contributed to steep losses that ultimately resulted in the companies' 2008 government takeover. (M SG ID 0 011) 4 This loan is subject to all lender specied conditions and must comply with all applicable federal, state, and local laws and regulations. m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) Fannie mae message id 3403. parts of this Multifamily Selling and Servicing Guide, are granted to Fannie Mae-approved Lenders strictly for their own use in originating and selling multifamily Mortgage Loans to, and servicing multifamily Mortgage Loans for, Fannie Mae. "[84] Former Freddie chief financial officer Anthony "Buddy" Piszel, who in February 2011, was CFO of CoreLogic, "had received a notice from the SEC that the agency was considering taking action against him". Elizabeth Sharkey Clemson, Even though DU supports four borrowers, the most that will be displayed in the Underwriting sections is two borrowers. Ginnie retained the explicit guarantee. } The three were accused of manipulating Fannie Mae earnings to maximize their bonuses. Resolution When subject property is second home or investment, housing expenses must be entered as a separate liability record. 9: DUNS (Data Universal Numbering System) with 4 digit suffix: Partner identification code assigned by Dun & Bradstreet with the 4 digit suffix. Fannie mae message id 3403. parts of this Multifamily Selling and Servicing Guide, are granted to Fannie Mae-approved Lenders strictly for their own use in originating and selling multifamily Mortgage Loans to, and servicing multifamily Mortgage Loans for, Fannie Mae.