DUS Lender Memos

A list of Delegated Underwrting and Servicing Lender Memos dated between 2000 and 2007.

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All Lender Memos except those listed below have been superseded by previous Guide updates. The Lender Memos listed below will be incorporated into the Delegated Underwriting & Servicing (DUS®) Guide as the applicable sections are updated.

All superseded Lender Memos may be removed from your working files; however, a copy of each superseded lender memo should be retained to use as a reference when dealing with transactions underwritten in accordance with those lender memos.

Note: Each lender memo is presented as either a Microsoft® Word or an Adobe® Acrobat® PDF file. PDF files are noted with an asterisk (*).

View Lender Memos by selecting a year below.



2007
NumberDateTitle
07-12 09/20/07 Modified Loss Sharing Waiver Requirements
07-10 08/29/07 Termination of 3MaxExpressSM Streamlined Mortgage Loan Manual for all Servicing Functions
07-09 05/18/07 15-Year Structured Interest Rate Cap
07-02 02/22/07 Treasury +50 Prepayment Alternative
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2006
NumberDateTitle
06-10 11/21/06 Loans with Tier 2 DSCR Waivers
06-07 10/20/06 Outsourcing of DUS Servicing & Asset Management Functions
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2005
NumberDateTitle
05-9 12/09/05 Tier Dropping
05-2 4/07/05 Underwriting Modifications to DUS DMBS to implement the Stressed Refinance Test
DUS DMBS Term Sheet
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2004
NumberDateTitle
04-5 03/19/04 Establishment of Lender Delegated Waiver Authority to (i) Reduce the Underwriting Floors Applicable for Variable Rate Bond Credit Enhancement and (ii) Waive Underwriting Floors for Fixed Rate Bond Credit Enhancement
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2003
NumberDateTitle
03-2 04/17/03 Changes to the Forward Conversion Worksheet
(Form 4212)
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2002
NumberDateTitle
02-8 10/16/02 Forward Commitments
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Important Legal Notice
Any multifamily lender is authorized to reproduce verbatim and use the forms accessible from this page solely in the course of its regular lending business activities. All other restrictions described in the Legal Information section of the Web site remain in full effect. All conditions applicable to Fannie Mae approved Multifamily Lenders remain in full effect. All users are advised that most changes to the Fannie Mae form Loan Documents (even those made using a standard Fannie Mae modification Exhibit or Schedule) must be approved in writing by Fannie Mae prior to the delivery for purchase of any Multifamily Loan to Fannie Mae.

The forms accessible from this page are revised on a regular basis. Fannie Mae is not responsible to notify any user, other than Fannie Mae approved Multifamily Lenders, of any changes made to the Loan Documents. The user is responsible for determining whether it has the most up-to-date publication.