Fannie Mae Multifamily Instructions For Performing A Multifamily .
FANNIE MAE MULTIFAMILY INSTRUCTIONS FOR PERFORMING A MULTIFAMILY PROPERTY CONDITION ASSESSMENT July 2021 1. Introduction .1 1.1. Property Condition Assessment .1 1.2. Instructions for Performing a Multifamily Property Condition Assessment.1 1.3. Requirements and Qualifications of PCA Consultant .1 A. PCA Consultant Selection by Lender; Reliance by Users .1 B. PCA Consultant Independent Third-Party Status .2 C. PCA Consultant Qualifications .2 D. Field Observer Qualifications .2 E. PCA Consultant Insurance Requirements .3 2. Overview of the Multifamily Property Condition Assessment .4 2.1. Base PCA.4 2.2. Streamlined Property Condition Assessment .4 2.3. PCA Modules.4 3. PCA Scope of Work .5 3.1. Phase 1: PCA Preliminary Due Diligence .5 A. Data Collection and Document Review .5 B. Special Hazards, Zoning, Building and Fire Code Violations and Regulatory Compliance.6 C. Pre-Site Visit Questionnaire .6 3.2. Phase 2: Site Visit .6 A. Site Visit Approach .7 B. Interviews .7 C. Observation of Dwelling Units .7 D. Photographic Documentation .8 3.3. Phase 3: PCA Report .8 4. Property Condition Assessment Report .10 4.1. PCA Report Section 1: Executive Summary. .10 A. Summation of PCA Findings .10 B. Summary of Recommended Repairs and Replacement Cost Estimates .11 C. Known Problematic Building Materials Identified Table .11 D. MBA Standard Inspection Form .11 E. Members of PCA Consultant Team .11 4.2. PCA Report Section 2: Opinion of Probable Costs - Cost Estimate Schedules for Immediate Repairs and Replacements of Capital Items .11 A. Determination of Probable Costs .11 B. Cost Estimates for Immediate Repair .12 C. Cost Estimates for Replacement of Capital Items.12 20221 Fannie Mae. Trademarks of Fannie Form 4099 – July 20222021 Page i
4.3. PCA Report Section 3: Property Characteristics .13 A. Site Components .13 B. Structural Frame and Building Envelope (Architectural Components) .14 C. Mechanical/Electrical/Plumbing Components .15 D. Interiors; Dwelling Unit Components .17 4.4. PCA Report Section 4: Moisture and Microbial Growth and Pest Management .18 A. Moisture and Microbial Growth .18 B. Pest Management .18 4.5. PCA Report Section 5: Special Hazards, Zoning, Building and Fire Code Violations and Regulatory Compliance .19 A. Specials Hazards .19 B. Zoning .20 C. Code Violations .20 D. Regulatory Compliance.20 4.6. PCA Report Section 6: Areas of Additional Assessment .21 A. Known Problematic Building Materials and Property Design Issues .21 B. Summary and Evaluation of Historical Repairs and Replacements, Work in Progress, and Planned Capital Improvements.21 4.7. PCA Report Section 7: Report References, Procedures and Limitations .21 A. References used by the PCA Consultant for Preparation of PCA Report .21 B. Assessment Methodology .21 C. Limitations .22 5. PCA Modules.22 5.1. General .22 A. Additional Scope of Work.22 B. Additional Required Qualifications.22 5.2. MODULE: Student Housing Property .22 5.3. MODULE: Seniors Housing Property .22 5.4. MODULE: Manufactured Housing Community.23 5.5. MODULE: Cooperative Property.24 5.6. MODULE: Modular Housing/Modular Construction.24 5.7. MODULE: Commercial/Retail Use .25 5.8. MODULE: Solar PV System .25 A. Purpose and Module Scope .25 B. Technical Solar Consultant Qualifications; Standard of Conduct .26 C. Solar PV System Module Integration with the PCA Report .27 5.9. MODULE: Integrated Pest Management Plan .28 A. Pest Management Contractor Qualifications .28 B. Statement of Work .28 C. Subcontractor Requirements .30 20221 Fannie Mae. Trademarks of Fannie Form 4099 – July 20222021 Page ii
5.10. MODULE: High Performance Building Assessment . 30 A. Purpose and Module Scope . 30 B. HPB Consultant Qualifications; Standard of Conduct. 31 C. HPB Report and 4099.H Deliverables . 31 D. Methodology . 33 5.11. MODULE: Technical Solar Assessment . 36 A. Purpose and Module Scope . 36 B. Technical Solar Consultant Qualifications; Standard of Conduct . 37 C. Technical Solar Report and 4099.I Deliverables . 37 D. Methodology . 40 6. Appendices to the Instructions for Performing a Multifamily Property Condition Assessment . 44 20221 Fannie Mae. Trademarks of Fannie Form 4099 – July 20222021 Page iii
1. Introduction July 2022 1.1. Property Condition Assessment . 1 1.2. Instructions for Performing a Multifamily Property Condition Assessment . 1 1.3. Requirements and Qualifications of PCA Consultant. 1 A. PCA Consultant Selection by Lender; Reliance by Users. 1 B. PCA Consultant Independent Third-Party Status. 2 C. PCA Consultant Qualifications . 2 D. Field Observer Qualifications . 2 E. PCA Consultant Insurance Requirements. 3 2.1. Base PCA . 5 2.2. Streamlined Property Condition Assessment . 5 2.3. PCA Modules. 5 3.1. Phase 1: PCA Preliminary Due Diligence . 7 A. Data Collection and Document Review . 7 B. Special Hazards, Zoning, Building and Fire Code Violations and Regulatory Compliance . 8 C. Pre-Site Visit Questionnaire . 8 3.2. Phase 2: Site Visit. 8 A. Site Visit Approach . 9 B. Interviews . 9 C. Observation of Dwelling Units . 9 D. Photographic Documentation . 10 3.3. Phase 3: PCA Report . 10 Section 1: Executive Summary . 10 Section 2: Cost Estimate Schedules: Immediate Repair and Replacement of Capital Items . 11 Section 3: Property Characteristics . 11 Section 4: Moisture and Microbial Growth and Pest Management . 11 Section 5: Special Hazards, Zoning, Building and Fire Code Violations and Regulatory Compliance . 11 Section 6: Areas of Additional Assessment. 11 Section 7: Report References, Procedures, and Limitations. 11 PCA Report Exhibits . 11 4.1. PCA Report Section 1: Executive Summary . 12 A. Summation of PCA Findings . 12 B. Summary of Recommended Repairs and Replacement Cost Estimates . 13 C. Known Problematic Building Materials Identified Table . 13 D. MBA Standard Inspection Form . 13 E. Members of PCA Consultant Team . 13 4.2. PCA Report Section 2: Opinion of Probable Costs - Cost Estimate Schedules for Immediate Repairs and Replacements of Capital Items . 13 A. Determination of Probable Costs . 13 2022 Fannie Mae. Trademarks of Fannie Mae. Form 4099 – July 20222021 Page iv
B. Cost Estimates for Immediate Repair . 14 C. Cost Estimates for Replacement of Capital Items . 14 4.3. PCA Report Section 3: Property Characteristics . 15 A. Site Components . 15 B. Structural Frame and Building Envelope (Architectural Components) . 16 C. Mechanical/Electrical/Plumbing Components . 17 D. Interiors; Dwelling Unit Components . 19 4.4. PCA Report Section 4: Moisture and Microbial Growth and Pest Management. 20 A. Moisture and Microbial Growth . 20 B. Pest Management. 20 4.5. PCA Report Section 5: Special Hazards, Zoning, Building and Fire Code Violations and Regulatory Compliance . 21 A. Specials Hazards . 21 B. Zoning. 22 C. Code Violations . 22 D. Regulatory Compliance . 22 4.6. PCA Report Section 6: Areas of Additional Assessment . 23 B. Summary and Evaluation of Historical Repairs and Replacements, Work in Progress, and Planned Capital Improvements . 23 4.7. PCA Report Section 7: Report References, Procedures and Limitations . 23 B. Assessment Methodology . 23 C. Limitations . 24 5.1. General . 24 B. Additional Required Qualifications. 24 5.2. MODULE: Student Housing Property . 24 5.3. MODULE: Seniors Housing Property . 24 5.4. MODULE: Manufactured Housing Community . 26 5.5. MODULE: Cooperative Property. 28 5.6. MODULE: Modular Housing/Modular Construction . 28 5.7. MODULE: Commercial/Retail Use. 29 5.8. MODULE: Solar PV System . 29 B. Technical Solar Consultant Qualifications; Standard of Conduct . 30 5.9. MODULE: Integrated Pest Management Plan . 32 A. Pest Management Contractor Qualifications . 32 B. Statement of Work . 32 C. Subcontractor Requirements . 34 5.10. MODULE: High Performance Building Assessment . 34 B. HPB Consultant Qualifications; Standard of Conduct . 35 C. HPB Report and 4099.H Deliverables . 35 Section 1: Executive Summary . 35 Section 2: Historical Energy and Water Performance Metrics . 36 Section 3: Existing Systems and Equipment and Identified Efficiency Measures . 36 2022 Fannie Mae. Trademarks of Fannie Mae. Form 4099 – July 20222021 Page v
HPB Report Exhibits. 36 D. Methodology . 37 Table 5.10.D.4. Required Unit Sampling Rate . 38 5.11. MODULE: Technical Solar Assessment . 41 B. Technical Solar Consultant Qualifications; Standard of Conduct . 42 C. Technical Solar Report and 4099.I Deliverables .
20221 Fannie Mae. Trademarks of Fannie Form 4099 - July 20222021 Page i FANNIE MAE MULTIFAMILY INSTRUCTIONS FOR PERFORMING A MULTIFAMILY PROPERTY CONDITION .
MAE 704 Fluid Dynamics of Combustion II MAE 708 Advanced Convective Heat Transfer MAE 766 Computational Fluid Dynamics MAE 551 Airfoil Theory MAE 561 Wing Theory MAE 525 Advanced Flight Vehicle Stability & Control MAE 511 Advanced Dynamics with Applications to Aerospace Systems MAE 521 Linear Control &
Fannie Mae Loans Are More Sensitive to the Home Price Change Compare to Freddie Mac Loans and When UpdatedCLTV Is Between 100% - 180% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 10 30 50 70 90 110 130 150 170 Fannie Mae Freddie Mac Sources: Fannie Mae, Freddie Mac, Moody’s Analytics (%) UpdatedCLTV
A. Proposed Modifications to Fannie Mae’s Plan for 2020 Fannie Mae has submitted 17 modification requests to FHFA for its 2020 Plan year, and FHFA has identified the following 8 for public input. FHFA will consider all 17 modification requests . analysis of, technical as
This is a Fannie Mae HECM property. It is not subject to the Fannie Mae First Look policy but the 3 month, 120% deed restriction does apply for investors. Seller must comply with HUD Guidelines 24 CF
Fannie Mae securities, together with interest thereon, are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than Fannie Mae.
states. the obligations of fannie mae under its guaranty of the certificates are obligations solely of fannie mae and do not constitute an obligation of the united states or any agency or instrumentality thereof other than fannie mae. the certificates are exempt from the regist
Fannie Mae Reverse Mortgage Loan Servicing Manual iii Preface This Reverse Mortgage Loan Servicing Manual (Manual) incorporates all Fannie Mae servicing-related guidelines for reverse mortgage loans. While the Manual sets forth specific servicing requirements unique to reverse mortgage loans, servicers must continue to comply with servicing .
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
