Fannie Mae 2013-M07-2026

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The document is a prospectus supplement for the Fannie Mae Multifamily REMIC Trust 2013-M7, detailing the issuance of $1,021,143,002 in guaranteed pass-through certificates. It outlines the structure of the trust, payment mechanisms to certificateholders, and associated risks. The certificates are backed by first lien multifamily mortgage loans and provide monthly payments of interest and principal. The document emphasizes the importance of understanding risk factors and tax implications before investing.

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Click ‘Get Form’ to open the Fannie Mae 2013-M07 document in our platform.
Begin by reviewing the first section, which typically includes basic information about the certificates. Fill in any required fields such as your name and contact details.
Proceed to the payment details section. Here, you will need to input specific financial information related to your investment, including interest rates and principal amounts.
Next, navigate to the risk factors section. Ensure you read through this carefully and acknowledge your understanding by checking the appropriate box.
Finally, review all entries for accuracy before signing. Use our editor's signature feature to add your digital signature where required.

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What is the code 707 for Fannie Mae?

707 Employment Contract Used to identify mortgage loans that meet the Selling Guide requirements to document and verify income and employment using a legally enforceable, unconditional contract of employment. The loan is delivered prior to the borrower starting employment under the contract.

Is required if LTV exceeds 80%?

A conventional mortgage with an LTV above 80% (or, inversely, a down payment below 20%) will typically require private mortgage insurance, or PMI.

How does Fannie Mae calculate asset depletion?

Fannie Mae asset depletion lets you qualify for a mortgage by turning your savings, investments, or retirement funds into a monthly income. Lenders divide your total eligible assets by a set number of months (usually 360 for a 30-year loan) to calculate how much income you can use to qualify.

What is the future feature code for Fannie Mae?

In addition, the MBS must also be delivered with future feature code (FFC) 208 to identify the pool as being a Green MBS. See the LD Edit changes in the Loan Delivery Business Rules for a listing of effective edit updates.

What is the action code 72 for Fnma?

Action Code 72 Liquidated-Pending Conveyance. Used to report that a loan has been foreclosed, or a deed-in-lieu had been accepted, and the property may be conveyed to FHA/VA/MI. The Action Date is the date of the foreclosure sale or, for deed-in-lieu, the date the deed was accepted by the servicer.