CC_S_203.3 Commercial/Multifamily GSE and Agency Servicing Governing Documents
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| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
GSE and agency servicing governing documents are standard for all servicers approved by that GSE or agency. Unlike CMBS pooling and servicing agreements (PSAs), which are specific to each pool of loans, servicing governing documents for GSE and agency loans typically use a single contract that covers all of the loans or pools of loans serviced for the GSE or agency. The use of a blanket contract is possible because the loan and securitization documents for GSE and agency loans are fairly standard; they are not negotiated, as is often the case with PSAs.
Commercial/Multifamily GSE and Agency Servicing Governing Documents looks at the various GSE and agency servicing guides and requirements. First explored is the Fannie Mae Multifamily Selling and Servicing Guide, followed by the Freddie Mac Multifamily Seller/Servicer Guide, the HUD/FHA multifamily guides and handbooks, and the Ginnie Mae Handbook for Mortgage-Backed Securities (MBS Guide). As the course examines each GSE and agency's servicing guide, it discusses the purpose of each guide, the standard requirements contained in the servicing guide, the location of critical requirements, the method of communicating changes to the servicers, and required forms for approvals and/or waivers of standard requirements contained in various guides or handbooks.
This is a commercial/multifamily course.
Topics:
Seat time approximately 2.5 hours.
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