The loan still meets eligibility requirements for Fannie Mae products and loan terms.
Some repurchase or indemnification demands are not related to eligibility criteria at consummation.
A repurchase or indemnification demand by Fannie Mae, Freddie Mac, HUD, VA, usda, or RHS is not dispositive of qualified mortgage status.Termination of ction 1026.43(e 4 oxidation and reduction chemistry worksheet ii A) requires reduction video projecteur that a covered transaction be code reduc fnac jeu video eligible for purchase or guarantee by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (or any limited-life regulatory entity succeeding the charter of either).Fannie Mae, however, requires the creditor to repurchase the loan due to the violation of MBS pooling requirements.Assume that the quality control review determination is accurate.The special rule under 1026.43(e 4 ii A) does not apply if Fannie Mae or Freddie Mac (or any limited-life regulatory entity succeeding the charter of either) has ceased operating under the conservatorship or receivership of the Federal Housing Finance Agency.However, we've found some items have been reduced even further, including party dresses for 39 (were 99 parka coats for 60 (were 99) and cardigans for 23 (were 45).Accordingly, 1026.43(e 4) is available only for covered transactions consummated on or before the earlier of either: The date Fannie Mae or Freddie Mac (or any limited-life regulatory entity succeeding the charter of either respectively, cease to operate under the conservatorship or receivership of the.Eligible for purchase, guarantee, or insurance except with regard to matters wholly unrelated to ability to repay.Because the loan still meets Fannie Maes eligibility requirements, it remains a qualified mortgage based on these facts and circumstances.See comment 43(e 4)-4.Rather, 1026.43(e 4 ii) requires only that the creditor determine that the loan is eligible (i.e., meets the criteria) for such purchase, guarantee, or insurance at consummation.For example: Assume eligibility to purchase a loan was based in part on the consumer 's employment income of 50,000 per year.
A quality control review, however, later determines that the documentation provided and verified by the creditor to comply with Fannie Mae requirements did not support the reported income of 50,000 per year.
Matters wholly unrelated to ability to repay are those matters that are wholly unrelated to credit risk or the underwriting of the loan.
The creditor uses the income figure in obtaining an approve/eligible recommendation from.
The DU determination at the time of consummation was invalid because it was based on inaccurate information provided by the creditor ; therefore, the loan was never a qualified mortgage under 1026.43(e 4).
The data submitted by the creditor at the time of loan delivery indicated that the various loan terms met the product type, weighted-average coupon, weighted-average maturity, and other MBS pooling criteria, and MBS issuance disclosures to investors reflected this loan data.January 10, 2021, as provided by 1026.43(e 4 iii).Department of Housing and Urban Development (HUD.S.Department of Veterans Affairs (VA.S.Assume that a creditor delivered a loan, which the creditor determined was a qualified mortgage at the time of consummation under 1026.43(e 4), to Fannie Mae for inclusion in a particular To-Be-Announced Mortgage Backed Security (MBS) pool of loans.For creditors relying on the variances of a sponsor or aggregator, a loan that is transferred directly to or through the sponsor or aggregator at or after consummation complies with 1026.43(e 4).However, evidence of whether a particular loan satisfied the 1026.43(e 4) eligibility criteria at consummation may be brought to light in the course of dealing over a particular demand, depending on the facts and circumstances.To satisfy 1026.43(e 4 ii), a loan need not be actually purchased or guaranteed by Fannie Mae or Freddie Mac or insured or guaranteed by one of theAgencies (the.S.Repurchase and indemnification demands.