WebMay 27, 2014 · If the cash-value of the life insurance is being used for reserves, the cash-value must be documented but does not need to be liquidated and received by the …

Servicer Expense Reimbursement Fannie Mae

WebGPR may also include rent loss insurance reimbursements. All other insurance proceeds must be excluded from GPR. ... or purchased by Fannie Mae as part of a Credit Facility or a Bulk Delivery, and related party ma nagement fees should not exceed market rates. Regardless, the amount ... Life Insurance Premiums : Trust Account Fees . 3. Payroll ... Webcounted as reserves. 4155.1 5.B.4.b Who May Provide a Gift An outright gift of the cash investment is acceptable if the donor is the borrower’s relative the borrower’s employer or labor union a close friend with a clearly defined and documented interest in the borrower a charitable organization chemical engineering and design

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Web‏Fannie Mae Only : When the funds are not transferred prior to settlement, the lender must document that the donor gave the closing agent the gift funds in the form of a certified check, a cashier’s check, or other official check with remitter as the donor. WebApr 5, 2024 · Even when a project has a Fannie Mae approval, lenders are still responsible for verifying and documenting that the project has appropriate insurance (e.g., project, liability, fidelity, flood, etc.) as required in Part B7 of the Selling Guide. Lenders need special approval to sell co-op loans to Fannie Mae. WebOct 9, 2024 · Fannie Mae and Freddie Mac both generally require that any subject homeowners association allocate at least 10% of the total dues collected for cash reserves. These funds are also further restricted to be … flight 5913