Special Feature Code Sample Clauses

Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “481” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). For Cash deliveries, the Loan Schedule must be transmitted electronically through the MORNET Cash Delivery System”. For MBS deliveries, the Schedule of Mortgages must be submitted through the MORNET MBS Pool Submission System®. MyCommunityMortgage Pilot Community Solutions 97, Community Solutions 100, and Community Solutions 2-Family Products Eligibility Matrix Community Solutions 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS PMM or No Cash-Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) One Unit 97% (90% for cooperatives) If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through ▇▇▇▇▇▇ Mae’s geocoding service through ▇▇▇▇▇▇▇▇▇▇.▇▇▇ Must meet Community Seconds guidelines Community Solutions 100 Owner-Occupied None Not Allowed 100% 105% Community Solutions 2-Family 2 Units 95%

Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “480” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). Community 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS (no ARMS where EEM guidelines used) PMM or No Cash- Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) One Unit* 97% If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through ▇▇▇▇▇▇ Mae’s geocoding service through ▇▇▇▇▇▇▇▇▇▇.▇▇▇ Must meet Community Seconds guidelines 35% Community 100 Plus Owner- Occupied None Not Allowed 95% 105% Community 2-Family 2 Units * Includes condos, PUDs, manufactured housing. Provided, however, where EEM guidelines used, no manufactured housing allowed. ** Minimum LTV must exceed 90%. The following terms and conditions apply to certain Mortgages (described below), which are eligible for purchase for cash or MBS under ▇▇▇▇▇▇ Mae’s MyCommunityMortgage™ pilot (“MyCommunityMortgage”) for the Community 97™ option. The term “Lender” refers to the ▇▇▇▇▇▇ ▇▇▇ seller/servicer to which these terms and conditions are being issued. Except as provided herein, all other requirements of the Selling Guide (as updated) must be followed.

Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “481” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005). ForCash deliveries, the Loan Schedule must be transmitted electronically through the MORNET Cash Delivery System”. For MBS deliveries, the Schedule of Mortgages must be submitted through the MORNET MBS Pool Submission System®. Community Solutions 97 Fixed-Rate Mortgage, 7/1 or 10/1 ARMS PMM or No Cash Out Refinance (Existing UPB of first mortgage rounded to the nearest $100) Owner-Occupied None Not Allowed One Unit 97% (90% for cooperatives) 105 % If borrower income exceeds area median income limitations, verify property is in a FannieNeighbors location through ▇▇▇▇▇▇ Mae’s geocoding service through ▇▇▇▇▇▇▇▇▇▇.▇▇▇ Must meet Community Seconds guidelines For SMC-Eligible = 35% for all LTVs For non-SMC=35% for LTVs of over 90-100% 30% for LTVs of over 85-90% 25% for LTVs of over 80-85% 1/2% over three years Community Solutions 100 100 % Community Solutions 2-Family 2 Units 95 % [LETTERHEAD OF FANNIEMAE] December 5, 2002 ▇▇. ▇▇▇▇▇▇▇ ▇. Leddy Executive Vice President (Crescent Mortgage) Crescent Bank and Trust Company South Terraces, Suite 285 ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Subject Master Agreement No: MA02373.2 Master Agreement Amendment No.: Amendment 21 Lender No.: ▇▇▇▇▇-▇▇▇-▇ Dear ▇▇. ▇▇▇▇▇: By execution of this Letter Agreement, ▇▇▇▇▇▇ Mae (“▇▇▇▇▇▇ ▇▇▇”) and Crescent Bank and Trust Company (the “Lender”) agree to amend the above-referenced Master Agreement and Contract (if applicable). The amended terms and conditions are set forth in the amended pages to the Master Agreement and (if applicable) the Contract attached to this Letter Agreement. The attachments should be inserted into the Lender’s Master Agreement binder as described below. Capitalized terms used but not defined in this Letter Agreement shall have the meanings set forth in the Master Agreement. For your convenience, we have summarized the amended terms and conditions below. However, the summary set forth below is for reference purposes only. The Lender and ▇▇▇▇▇▇ Mae shall rely solely on the attached amended pages for a complete description of the amended terms and conditions. The amended terms and conditions: • Modified Variance – Replace page VAR 1 – 1 through VAR 1 – 4 Amendment 20 (dated 12/5/2002) with VAR 1 – 1 through VAR 1 – 8 Amendment 21 (dated 12/5/2002) behind the Variances tab. (a...

Special Feature Code. For all Mortgages originated under these terms and conditions, Lender is required to enter Special Feature Code “460” on the Loan Schedule (Form 1068) or Schedule of Mortgages (Form 2005).