2004 Fannie Mae Guide Announcements


2004
04-7

Topics include Manufactured Homes, Purchase of Indiana "High Cost Home Mortgage Loans," Quality Assurance-Documentation Requirements, Test Period for Revised Appraisal Report Forms available for viewing and downloading, 1004, 2055, 1004C, 1073, 1075, 2090, 2095, 1025, 1004D, 2000, and 2000A.
04-6

Authoritative Online Selling and Servicing Guides, Purchase of Massachusetts "High Cost Home Mortgage Loans," Mortgage Loan Documents, Arbitration, Waiver of Prepayment Premium, Guaranty Fees, and Escrow Accounts. Also, Brochure: New authoritative online Guides and Lender Announcements
04-5

Fannie Mae Announces New Procedures for RHS Loans and Policy Changes (Guide Announcement 04-05)
04-4

Fannie Mae Amends Seller and Servicing Requirements (Announcement 04-04, July 30, 2004_) Topics: Test Period for Revised Appraisal Report Forms, Property Condition and Required Repairs Guidelines, and Special Servicing Guidelines. Forms Included:
Manufactured Home Appraisal Report ( Fannie Mae Test Form 1004C dated July 2004);
Small Residential Income Property Appraisal Report (Fannie Mae Test Form 1025 dated July 2004);
One-Unit Residential Appraisal Field Review Report (Fannie Mae Test Form 2000 dated July 2004); and
Two- to Four-Unit Residential Appraisal Field Review Report (Fannie Mae Test Form 2000A dated July 2004).
04-3

Fannie Mae Amends Seller and Servicing Requirements (Announcement 04-03, June 24, 2004) Topics include: Uniform Residential Loan Application, Servicing Agreements, Commitment Pair-Offs, Prepayment Premiums, Flexible 97 and 100 Mortgages, Manufactured Housing Update, Possible Lapse of National Flood Insurance Authority, and Test Period for Revised Appraisal Report Forms
Individual Cooperative Interest Appraisal Report (Fannie Mae Test Form 1073 dated June 2004);
Exterior-Only Inspection Individual Cooperative Interest Appraisal Report (Fannie Mae Test Form 1075 dated June 2004); and
Exterior-Only Inspection Residential Appraisal Report (Fannie Mae Test Form 2055 dated June 2004).
04-2

Test Period for Revised Appraisal Report Forms, Guide Announcement 04-02, dated 06/01/04
Uniform Residential Appraisal Report (Fannie Mae Test Form 1004 dated May 2004);
Definitions, Statement of Limiting Conditions, and Appraiser's Certification (Fannie Mae Test Form 1004B dated May 2004); and
Appraisal Update and/or Completion Report (Fannie Mae Test Form 1004D dated May 2004
04-1

Fannie Mae Guide Announcement (04-01) - Purchase of Refinanced FHA HECMs and other Miscellaneous Changes to Selling Warranties, Mortgage Documents, Mortgage Insurance Codes, Mortgage Amounts, Credit Score Policy, and to the MI Direct Process
02-10

Negotiated Product Terms for Mortgages Secured by Manufactured Homes, Lender Letter 01-04, dated 02/10/04