Multifamily Lender Memo 10-01 by dnc16003

VIEWS: 13 PAGES: 2

									                                                          HCD Information
                                                        Exchange (IE) Portal
                                                        Operating Statements


Date:           January 06, 2010

To:             Fannie Mae Multifamily Servicers

From:           Caroline Blakely, VP Housing & Community Development (HCD) Credit
                Risk Management

Subject:        Lender Memo 10-01 | Updates to HCD IE Portal for Operating Statements
                and Advance 30-Day Notification




                                   HIGHLIGHTS
        Reminder: Fannie Mae announces changes to the HCD IE Portal
        for Operating Statements effective February 19, 2010:
           Form 4254—9 existing fields (previously optional) and 3 new fields will require
            data population
           Form 4254 Seniors—12 existing fields (previously optional) and 3 new fields
            will require data population


The purpose of this Lender Memo is to remind Servicers of the upcoming changes to
the HCD IE Portal for Operating Statements effective February 19, 2010 and to provide
a list of Frequently Asked Questions (FAQs).

These changes are a result of Fannie Mae’s efforts to enhance its risk monitoring
capabilities (Lender Letter 09-15) and will require the Servicers to populate some fields
on the Operating Statement in the HCD IE Portal that are currently optional. In addition,
new fields are being added to the Operating Statement (Form 4254) that will also be
required to be populated by the Servicers.
    Form 4254—9 existing fields (previously optional) and 3 new fields will require
       data population (please see the attachments for additional information)
    Form 4254 Seniors—12 existing fields (previously optional) and 3 new fields will
       require data population (please see the attachments for additional information)




Lender Memo 10-01                               1                                    01/06/10
Fannie Mae recommends that all Servicers make the appropriate changes to their
internal systems to ensure the systems are ready to handle Fannie Mae’s revised
submission requirements for 2009 Annual Operating Statements and Q1-2010
Operating Statements (as required for Seniors).           When submitting Operating
Statements on or after February 19, 2010 for prior periods (due to late submissions or
re-submissions), Servicers will need to populate these required data fields.

If you have any specific questions about the required submission fields on the Operating
Statement (new or existing), please contact your Fannie Mae Representative at
mf_operatingstatements@fanniemae.com.


Associated Documents:
   HCD IE Updated csv Specifications
   New Operating Statement Data Element Definitions
   Frequently Asked Questions (FAQs)




Lender Memo 10-01                            2                                    01/06/10

								
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