Exhibit VII-I DUS Delinquent Loan Report
Use this form to report monthly on all DUS loans that are 60 or more days delinquent until Interim Loss Sharing is approved by Fannie Mae. If Interim Loss Sharing is not applicable, use this form until the Final Settlement of Loss is calculated as of the Asset Valuation Date.
DUS DELINQUENT LOAN REPORT
Reporting Month Lender Name: Lender Address:
Lender Number:
Fannie Mae Loan Number:
Property Name:
Property Address:
Borrower Name:
Borrower Address:
Date of Default: Loss Level:
Actual UPB on Date of Default:
Submit the original of this report with a copy of the Borrower's payment history, record of Lender advances, and copies of bills and checks to Multifamily Activities in the Property Regional Office. Attach a copy of this report (without the supporting documentation attached) to the Form 2010 submitted to Fannie Mae for the same reporting month. This form is due on the 7th of the month following the reporting month (e.g. - This report is due on May 7th for activity in the reporting month of April). Refer to Part VII, Section 103 of the DUS Guide for definitions of terms used in this form.
1. Source of Payment
a. Add: NOI
b. Add: Borrower (out‑of‑pocket -
if this information is available)
c. Equals: Total Borrower Payment
d. Less: Amount retained by Lender for
reserves, taxes, and insurance, if required
by the mortgage documents
Fannie Mae DUS Guide Page 1
09/03/96
Exhibit VII-I DUS Delinquent Loan Report
e. Equals: Amount to be Applied to P&I
f. Add: Delinquency Advance by Lender (Must not
exceed the total of Lines 2a and 2b below)
g. Equals: Total Payment Remitted to Fannie Mae
(Must agree with Line 2c below)
2. Application of Payment
The Lender must apply borrower payments, including partial payments, in accordance with the Note and Mortgage. Commencing with the Date of Default, the Lender is not required to advance its own funds for reserves and deposits for insurance or taxes.
a. Add: Interest (From Section 1,
Line B, Form 2010)
b. Add: Principal (From Section 1,
Line B, Form 2010)
c. Equals: Total Payment Remitted to Fannie Mae
(Must agree with Line 1g above)
d. Add: Reserves
e. Add: Insurance
f. Add: Taxes
g. Equals: Borrower's Full Monthly Payment
Obligation net of servicing fee
3. Servicing Advances and Delinquency Resolution Costs
Servicing Advances and Delinquency Resolution Costs in Reporting Month (advances and costs paid by the Lender from its own funds) Attach copies of bills and checks for amounts claimed on this report. Advances made in prior months but not previously submitted should be submitted within 60 days after payment.
a. Servicing Advances
Add: Taxes Paid
Add: Insurance Paid
Add: Other Assessments Paid
Add: Costs to Preserve and
Protect the Property
Current Month's Servicing Advances
b. Delinquency Resolution Costs
Add: Attorney Fees
Add: Appraisal Fees
Add: Credit Reports
Add: Recordation Costs
Add: Court Costs
Add: Environmental Assessment
Add: Other (Specify)
Current Month's Delinquency Resolution Costs
c. Commencing with the Date of Default, the Lender is not required to fund deposits to replacement reserves or custodial accounts for assessments, insurance premiums, or taxes but the Lender must pay bills for preservation and protection of the property, assessments, insurance premiums, or taxes when due without penalty.
Taxes Paid Through Amount Insurance Paid Through Amount Assessments Paid Through Amount Paid Through Amount
4. Net Operating Income
Does Fannie Mae have control of the NOI through a receiver or is NOI being remitted voluntarily by the borrower?
Yes No
If not, please explain
5. Lender's Cumulative Advances
a. Add: Ending Balance of Cumulative Delinquency Advances
from Prior Month's Report
b. Add: Current Month's Delinquency Advance
(From Line 1f of this report)
c. Equals: Ending Balance of Cumulative Delinquency Advances
d. Add: Ending Balance of Cumulative Servicing Advances
from Prior Month's Report
e. Add: Current Month's Servicing Advances
(From Line 3a of this report)
f. Equals: Ending Balance of Cumulative Servicing Advances
g. Cumulative Servicing Advances:
Taxes Paid
Insurance Paid
Other Assessments Paid
Costs to Preserve and Protect
the Property
Equals: Ending Balance of Cumulative Servicing Advances
(Must agree with Line 5f of this report)
h. Add: Ending Balance of Cumulative Delinquency Resolution
Costs from Prior Month's Report
i. Add: Current Month's Delinquency Resolution Costs
(From Line 3b of this report)
j. Equals: Ending Balance of Cumulative Delinquency
Resolution Costs
k. Cumulative Delinquency Resolution Costs:
Attorney Fees
Appraisal Fees
Credit Reports
Recordation Costs
Court Costs
Environmental Assessment
Other (Specify)
l. Equals: Ending Balance of Cumulative Delinquency Resolution
Costs (Must agree with Line 5 j of this report)
5% of Actual UPB on Date of Default
Forecasted Date of Interim Loss Sharing, if applicable
Fannie Mae DUS Guide Page 5
09/03/96
Exhibit VII-I DUS Delinquent Loan Report
Lender:
Prepared by: Phone: Approved by: President/General Partner
Date:
Fannie Mae:
Reviewed by:
Approved by: Regional Multifamily Vice President
Date:
Fannie Mae DUS Guide Page 5
09/03/96