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Whole Loan Selling Basics (Best Efforts Execution ...
Fallout occurs when the lender cancels a commitment due to borrower withdrawal, or when the commitment auto-expires resulting in a “fallout” commitment status.
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www.fanniemae.com© 2017 Fannie Mae. Trademarks of Fannie Mae. August 2017 1 of 2 Prior Derogatory Credit Event: Borrower Eligibility Fact Sheet To be eligible for a mortgage loan, Fannie Mae requires borrowers to demonstrate that they have re-established credit
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Lender Letter LL-2017-09 - Fannie Mae
www.fanniemae.comCollect any escrow amounts disbursedand/or escrow shortage needed to pay future escrow amounts from the borrower over a 60-month period unless the borrower decides to pay such funds upfront.
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