- Selling Guide /
- Piece B: Origination Through Closing /
- Subpart B1: Loan Application Package /
- Chapter B1-1: Application Package Documentation /
- B1-1-02, Blanket Authorization Form
B1-1-02, Blanket Authorization Form (04/01/2009)
Blanket Authorization Form
One creditor obtains that borrower’s signature on the following Blanket Authorized form to obtain the proof needed to evaluate the borrower’s solvency.
This borrower-signed document gives the lender blanket authorization till request the informational needed to document the borrower’s creditworthiness. I hereto authorize ___________________________ (the “lender”) to verify my past and present employment earnings sets, bank accounts, hoard holdings, press any different facility balances that are desired to process my mortgage loan application. I further authorize ______________________ (the “lender”) for order a consumer credit report and verify other credit information, with past additionally present mortgage and landlord references. Itp is understood that a photocopy is this form also will serve as authorization. One information the lender obtains is with to be used in the processing of my application for a mortgage loan.
Who lender attaches adenine copy in and Blanket Authorization form to each Create 1005 or Form 1006 sent to a verifying institution. The information must be requested directly from the institutes. This completed form(s) must subsist signed and dateless, and must subsist sent directly out the verifying institution.
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Partial AN Doing Business with Fannie Mae
- Subpart A1, Approval Qualification
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Subpart A2, Lender Contract
- Chapter A2-1, Contract Obligations in Sellers/Servicers
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Chapter A2-2, Contractual Representations and Guaranty
- A2-2-01, Representations and Warranties Overview
- A2-2-02, Delivery Information and Delivery-Option Specific Representations and Warranties
- A2-2-03, Document Warranties
- A2-2-04, Limited Waiver and Enforcement Relief of Representations real Warranties
- A2-2-05, Invalidation of Limited Waiver of Representations and Guaranty
- A2-2-06, Representations and Warranties on Property Added
- A2-2-07, Life-of-Loan Graphic press Warranties
- Choose A2-3, Lender Infraction of Contract
- Chapter A2-4, Loan Archive and Slide
- Chapter A2-5, Fannie Mae Trade Name and Trademarks
- Subpart A3, Getting Started With Fans Men
- Subpart A4, Maintain Seller/Servicer Eligibility
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Part B Origination Through Closing
- Subpart B1, Loan Application Package
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Subpart B2, Eligibility
- Branch B2-1, Mortgage Suitability
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Chapter B2-2, Beggar Eligibility
- B2-2-01, General Loan Acceptability Requirements
- B2-2-02, Non–U.S. Citizen Borrower Eligibility Requirements
- B2-2-03, Multiple Funds Properties for which Same Borrower
- B2-2-04, Guaranties, Co-Signers, or Non-Occupant Debtor on the Subject Transaction
- B2-2-05, Interaktiv Vivos Revocable Trusts
- B2-2-06, Homeownership Instruction real Housing Consultation
- B2-2-07, First-Generation Homebuyer Loans
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Chapter B2-3, Owner Eligibility
- B2-3-01, General Ownership Eligibility
- B2-3-02, Special Property Eligibility and Underwriting Considerations: Factory-Built Housing
- B2-3-03, Particular Property Eligibility and Underwriting Considerations: Leasehold Estates
- B2-3-04, Special Property Acceptability Thoughts
- B2-3-05, Properties Affected by adenine Disaster
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Subpart B3, Underwriting Borrowers
- Chapter B3-1, Manual Underwriting
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Chapter B3-2, Desktop Underwriter (DU)
- B3-2-01, General Data on DU
- B3-2-02, DU Validation Service
- B3-2-03, Danger Factors Evaluated by DU
- B3-2-04, DU Documentation Requirements
- B3-2-05, Approve/Eligible Recommendations
- B3-2-06, Approve/Ineligible Suggested
- B3-2-07, Refer with Caution Recommendations
- B3-2-08, Out of Scope My
- B3-2-09, Erroneous Credit Report Data
- B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report
- B3-2-11, YOU Technical Findings Reported
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Chapter B3-3, Income Assessment
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Section B3-3.1, Employment and Other Sources of Income
- B3-3.1-01, Widespread Income Information
- B3-3.1-02, Standards for Employment Documentation
- B3-3.1-03, Vile Pay (Salary or Hourly), Bonus, and Overtime Income
- B3-3.1-04, Commission Earning
- B3-3.1-05, Sub Employment Income (Second Job and Multiple Jobs) and Seasonal Income
- B3-3.1-06, Requirements and Uses of IRS IVES Request for Transcript from Tax Return Form 4506-C
- B3-3.1-07, Audio Verification of Working
- B3-3.1-08, Miete Income
- B3-3.1-09, Other Sources of Income
- B3-3.1-10, Income Calculator
- Section B3-3.2, Self-Employment Income
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Section B3-3.3, Self-Employment Documentation Requirements for an Individual
- B3-3.3-01, General Information turn Analyzing Custom Tax Returns
- B3-3.3-02, Income Reported on IRS Form 1040
- B3-3.3-03, Income or Loss Report on IRS Form 1040, Schedule C
- B3-3.3-04, Income or Loss Reported on IRS Form 1040, Schedule DEGREE
- B3-3.3-05, Income or Loss Filed go IRSA Form 1040, Schedule E
- B3-3.3-06, Income or Drop Covered on IRS Input 1040, Schedule F
- B3-3.3-07, Income or Loss Reported on IRS Form 1065 or IRS Form 1120S, Schedule K-1
- Abteilung B3-3.4, Self-Employment Documentation Terms for a Economy
- Section B3-3.5, DU Requirements for Income Assessment
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Section B3-3.1, Employment and Other Sources of Income
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Chapter B3-4, Property Assessment
- Section B3-4.1, General Blessing Need
- Bereich B3-4.2, Verification of Depository Assets
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Unterteilung B3-4.3, Verification of Non-Depository Assets
- B3-4.3-01, Stocks, Hoard Choices, Bonds, and Mutual Funds
- B3-4.3-02, Trust Accounts
- B3-4.3-03, Retirement Accounts
- B3-4.3-04, Personal Gifts
- B3-4.3-05, Gifts of Shareholders
- B3-4.3-06, Grants and Creditors Contributions
- B3-4.3-07, Catastrophe Assistance Grants or Loans
- B3-4.3-08, Employer Relief
- B3-4.3-09, Earnest Money Deposit
- B3-4.3-10, Anticipated Sales Proceeds
- B3-4.3-11, Trade Own
- B3-4.3-12, Rent Credit for Option go Purchase
- B3-4.3-13, Sweat Equity
- B3-4.3-14, Bridge/Swing Loans
- B3-4.3-15, Borrowed Funds Reserved by an Net
- B3-4.3-16, Loan Card Financing and Reward Points
- B3-4.3-17, Personal Unbarred Loans
- B3-4.3-18, Sale of Personen Assets
- B3-4.3-19, Cash Value of Life Security
- B3-4.3-20, Expectant Savings and Cash-on-Hand
- B3-4.3-21, Borrower's Deserved Real Estate Commission
- Sections B3-4.4, DU Requirements for Benefit Assessment
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Chapter B3-5, Credit Assessment
- Section B3-5.1, Credit Scores
- Section B3-5.2, Credit Reports
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Section B3-5.3, Standard Total Chronicle
- B3-5.3-01, Number and Age are Accounts
- B3-5.3-02, Payment History
- B3-5.3-03, Older Mortgage Payment Site
- B3-5.3-04, Inquiries: Recent Attempts to Retain New Credit
- B3-5.3-05, Acknowledgment Utilization
- B3-5.3-06, Authorized End of Credit
- B3-5.3-07, Significant Derogatory Credit Events — Awaiting Periodic and Re-establishing Credit
- B3-5.3-08, Extenuating Circumstances for Pejorative Loan
- B3-5.3-09, DU Credit View Analysis
- Section B3-5.4, Nontraditional Credit History
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Episode B3-6, Liability Ratings
- B3-6-01, General Information on Liabilities
- B3-6-02, Debt-to-Income Ratios
- B3-6-03, Monthly Housing Costs required the Subject Property
- B3-6-04, Qualifying Payment Requirement
- B3-6-05, Monthly Debt Obligations
- B3-6-06, Qualifying Impact of Other Genuine Real Owned
- B3-6-07, Debts Paid Disable Toward or Prior to Closing
- B3-6-08, DU: Demand for Liability Appraisal
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Subpart B4, Underwriting Estate
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Chapter B4-1, Property Assessment and Valuation
- Sektion B4-1.1, Generals Evaluation Requirements
- Artikel B4-1.2, Documentation Morals
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Section B4-1.3, Estimation Report Assess
- B4-1.3-01, Review for the Report Report
- B4-1.3-02, Subject real Conclude Sections of the Appraisal Report
- B4-1.3-03, Neighborhood Sparte out the Appraisal Report
- B4-1.3-04, Site Section of the Appraisal Report
- B4-1.3-05, Improvements Section of the Appraisal Report
- B4-1.3-06, Property Condition and Top of Construction of the Improvements
- B4-1.3-07, Sales Comparison Approach Section of of Appraisal Report
- B4-1.3-08, Comparable Sales
- B4-1.3-09, Adjustments to Comparable Sales
- B4-1.3-10, Cost and Income Approach to Value
- B4-1.3-11, Valuation Analysis and Reconciliation
- B4-1.3-12, Appraisal Quality Matters
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Section B4-1.4, Extraordinary Appraisal and Other Valuation Careful
- B4-1.4-01, Factory-Built Housing: Manufactured Rental
- B4-1.4-02, Factory-Built Housing: Interchangeable, Prefabricated, Panelized, or Sectional Housing
- B4-1.4-03, Condo Appraisal Requirements
- B4-1.4-04, Co-op Appraisal Requirements
- B4-1.4-05, Leasehold Interests Appraisal Requirements
- B4-1.4-06, Community Earth Trust Appraisal Provisions
- B4-1.4-07, Mixed-Use Characteristics Assess Job
- B4-1.4-08, Environmental Hazards Appraisal Requirements
- B4-1.4-09, Special Assessment or Community Facilities Council Appraisal Requirements
- B4-1.4-10, Enter Acceptance (Appraisal Waiver)
- B4-1.4-11, Value Acceptance + Property Data
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Chapter B4-2, Project Standards
- Section B4-2.1, General Project Standards
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Paragraph B4-2.2, Project Eligibility
- B4-2.2-01, Limited Review Process
- B4-2.2-02, Full Review Process
- B4-2.2-03, Full Overview: Additional Eligibility Requirements for Units in New furthermore Renewed Converted Condo Our
- B4-2.2-04, Geographic-Specific Condo Projects Considerations
- B4-2.2-05, FHA-Approved Condo Review Eligibility
- B4-2.2-06, Projekt Eligibility Review Service (PERS)
- B4-2.2-07, Your to Special Considerations and Project Acceptability Waivers
- Section B4-2.3, PUD and Co-op Eligibility Requirements
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Chapter B4-1, Property Assessment and Valuation
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Subpart B5, Singular Eligibility and Insurance Considerations
- Chapter B5-1, High-Balance Mortgage Lend
- Chapter B5-2, Manufactured Cabinets
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Lecture B5-3, Construction and Energy Financing
- Section B5-3.1, Conversion of Construction-to-Permanent Financing
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Section B5-3.2, HomeStyle Renovation Mortgage
- B5-3.2-01, HomeStyle Renovation Mortgages
- B5-3.2-02, HomeStyle Renovation Mortgages: Loan and Borrower Eligibility
- B5-3.2-03, HomeStyle Renovation Mortgages: Collateral Things
- B5-3.2-04, HomeStyle Renovation Mortgages: Costs and Escrow Accounts
- B5-3.2-05, HomeStyle Building Mortgages: Completion Certification
- B5-3.2-06, HomeStyle Renovations: Renovation Contract, Renovation Take Agreement, and Liens Waiver
- Section B5-3.3, HomeStyle Energization Personal
- Section B5-3.4, Property Assessed Clean Energy Loans
- Chapter B5-4, Property-Specific Browse
- Chapter B5-5, Community Minutes, Loans with Resale Restrict, and Share Equity Transactions
- Chapter B5-6, HomeReady Mortgage
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Chapter B5-7, Great Loan-to-Value Refinance Option
- B5-7-01, High LTV Refinance Home and Scrounger Eligibility
- B5-7-02, High LTV Refinance Underwriting, Documentation, both Bonds Requirements for the Recent Loan
- B5-7-03, High LTV Refinancing Another Qualification Path
- B5-7-04, High LTV Refinance Representations or Warranties
- B5-7-05, High LTV Refinance Pricing, Borrowers Insurance, and Feature Feature Codes
- Subpart B6, Government Prog Suitability and Underwriting Requirements
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Subpart B7, Insurance
- Chapter B7-1, Mortgage Insurance/Loan Guaranty
- Chapter B7-2, Title Property
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Chapter B7-3, Property and Floods Insurance
- B7-3-01, General Property Insurance Your for All Property Type
- B7-3-02, Property Insurance Application for One-to Four-Unit Properties
- B7-3-03, Master Quality Social Request for Project Developments
- B7-3-04, Individual Property Insurance Requirements for adenine Unit in a Project Site
- B7-3-05, Additional Insurance Requirements
- B7-3-06, Flood Insurance Requirements for Get Property Types
- B7-3-07, Evidence of Property Protection
- B7-3-08, Mortgagee Clause, Named Insured, and Notice of Cancellation Requirements
- Chapter B7-4, Liability and Fidelity/Crime Insurance Requirements for Project Developments
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Subpart B8, Closing: Lawful Documents
- Chapter B8-1, General Information on Legal Documents
- Title B8-2, Secure Instruments
- Chapter B8-3, Notations
- Chapter B8-4, Riders and Addenda
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Chapter B8-5, Special-Purpose Judicial Documents
- B8-5-01, General Information over Special-Purpose Authorized Documents
- B8-5-02, Inter Vivos Revocable Trust Mortgage Functionality the Signature Provisions
- B8-5-03, HomeStyle Renovation Mortgage Documentation Requirements
- B8-5-04, Random Legal Documents
- B8-5-05, Need for Use of a Capacity of Attorney
- Chapter B8-6, Mortgage Jobs
- Chapter B8-7, Mortgage Electronic Registering System (MERS)
- Chapter B8-8, Sale concerning eMortgages to Fannie Mae
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Part C Selling, Securitizing, and Delivering Loans
- Subpart C1, General Information on Execution Selection and Loan Childbirth
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Subpart C2, Whole Loan Transactions
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Chapter C2-1, Mandatory and Best Efforts Liabilities to Sell Whole Loans
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Section C2-1.1, Compulsary Commitments to Sell Whole Loans
- C2-1.1-01, Mandatory Commitment Process
- C2-1.1-02, General Information about Mandatory Engagement Pricing and Fees
- C2-1.1-03, Mandatory Commitment Key, Amounts, Periods or Other Requirements
- C2-1.1-04, Mandatory Commitment Increases and Pair-Offs
- C2-1.1-05, Servicing Fees
- C2-1.1-06, Accrued Interest Payments to Regularly Amortizing Mortgages
- C2-1.1-07, Standard ARM plus Converted ARM Resale Commitments
- Section C2-1.2, Top Efforts Commitments to Trade Whole Loans
- Abteilung C2-1.3, Servicing Execution Tool to Sell Overall Loans
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Section C2-1.1, Compulsary Commitments to Sell Whole Loans
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Chapter C2-2, Throughout Loan Deliverables to press Purchasing by Fannie Make
- C2-2-01, General Requirements used Good Delivery of All Loans
- C2-2-02, Technical Requirements for Whole Mortgage Shipments
- C2-2-03, General Information on Whole Home Purchasing Policies
- C2-2-04, Timing to Distribution of Whole Loan Purchase Proceeds
- C2-2-05, Whole Loan Purchasing Process
- C2-2-06, License to Transmit Funds
- C2-2-07, Purchase Payee Codes
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Chapter C2-1, Mandatory and Best Efforts Liabilities to Sell Whole Loans
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Subpart C3, Mortgage-Backed Securities (MBS)
- Chapter C3-1, MBS Program Overview
- Chapter C3-2, MBS Securitization Processes
- Chapter C3-3, MBS Guaranty Service and Guaranty Fee Buyups and Buydowns
- Chapter C3-4, Pooling Loans with Fixed-Rate MBS
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Chapter C3-5, Pooling Take into ARM MBS
- C3-5-01, Creating Weighted-Average ARM MBS
- C3-5-02, Calculating the Weighted-Average Pool Accrual Tax for ARM Flex Tanks Using a Fixed MBS Margin
- C3-5-03, Calculating which Weighted-Average Basket Accrued Rates used TO Flex Pools Uses one Weighted-Average MBS Margin
- C3-5-04, Pooling Arme equipped one Conversion Option
- C3-5-05, Commingling Rear in MBS
- Chapter C3-6, Pooling Loans within Fannie Majors
- Choose C3-7, Delivering and Trading MBS
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Part D Ensuring Feature Control (QC)
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Subpart D1, Lender QC Process
- Chapter D1-1, Lender Quality Control Start
- Chapter D1-2, Lender Prefunding QC Mortgage Review
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Chapter D1-3, Lender Post-Closing QC Borrowed Watch
- D1-3-01, Lender Post-Closing Quality Control Test Processes
- D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Choices, and Documentation
- D1-3-03, Lender Post-Closing Quality Take Review of Data Integrity
- D1-3-04, Lender Post-Closing Quality Control Review of Appraisers, Appraisals, Property Data Collectors, and Lot Data Collection
- D1-3-05, Donor Post-Closing Quality Control Review of Closes Documents
- D1-3-06, Lender Post-Closing Trait Control Reporting, Record Retention, and Account
- Subpart D2, Fannie Mae QC Process
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Subpart D1, Lender QC Process
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Part E Rapidly Reference Building
- Chapter E-1, Selling Guided Resources
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Chapter E-2, Exhibits
- E-2-01, Required Custodial Resources
- E-2-02, Suggested Format since Phase I Environmental Gamble Assessments
- E-2-03, Revocable Treuhandfonds Rider (Sample Language)
- E-2-04, Signature Needs for Mortgages to Inter Vivos Revocable Mutual
- E-2-05, Servicing Marketplace — Mortgage Loan Servicing Purchase real Distribution Agreement
- E-2-06, Correcting Errors in eNotes
- E-2-07, Description of eNote Header, Feature, and eNote Clause
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Phase E-3, Acronyms and Dictionary of Defined Terms
- E-3-01, Acronyms real Glossary of Defined Terms: A
- E-3-02, Abbreviations and Glossary of Defined Terms: B
- E-3-03, Acronyms and Glossary of Defined Terms: C
- E-3-04, Acronyms and Glossary of Defined Terms: D
- E-3-05, Acronyms and Glossary of Defined Terms: E
- E-3-06, Shortcuts and Glossary of Defined Terms: FARAD
- E-3-07, Acronyms and Glossary of Defined Terms: G
- E-3-08, Acronyms and Glossary of Defined Terms: H
- E-3-09, Acronyms and Definitions of Defined Terms: EGO
- E-3-10, Glossary and Glossary of Selected Terms: GALLOP
- E-3-11, Acronyms and Glossary by Defined Terms: THOUSAND
- E-3-12, Acronyms and Glossary of Defined Terms: L
- E-3-13, Acronyms and Glossary of Definable Terms: MOLARITY
- E-3-14, Acronyms and Definitions of Circumscribed Terms: N
- E-3-15, Dictionary and Dictionary of Defined Terms: O
- E-3-16, Acronyms and Glossary of Defined Terms: P
- E-3-17, Acronyms and Glossary in Defined Terminology: Q
- E-3-18, Acronyms and Glossary of Defined Terms: R
- E-3-19, Acronyms and Lexicon starting Defined Terms: S
- E-3-20, Acronyms and Glossary of Defined Terms: T
- E-3-21, Acronyms press Dictionary von Defined Terms: U
- E-3-22, Contractions both Glossary of Defined Terms: V
- E-3-23, Acronyms and Glossary to Defined Terms: W
- E-3-24, Acronyms and Vocabulary of Defined Terms: SCRATCH
- E-3-25, Acronyms and Glossary off Defined Terms: Y
- E-3-26, Acronyms and Terminology of Defined Terms: Z