Fannie Mae Publishes Multifamily Mortgage Loans in Forbearance Due to Hurricane Damage

As Fannie Mae works with our customers, partners, and Federal and local authorities to bring relief to homeowners and renters impacted by Hurricanes Harvey, Irma, and Maria (the "Hurricanes"), we appreciate that investors in our Multifamily mortgage-backed securities (MBS) have an interest in knowing which loans may be impacted by these events.

In the interest of providing greater transparency to investors in our Multifamily MBS, Fannie Mae provides a list of mortgage loans and their associated CUSIPs currently granted forbearance as a result of damage to their related mortgaged properties caused by the Hurricanes. The initial list, available below and on the Fannie Mae DUS Disclose^™ website under the "Product Information" section, is based on information that we have received from our loan servicers. The forbearance information will be periodically updated on DUS Disclose as mortgage loans within the area impacted by the Hurricanes either enter into or end the forbearance period.

Forbearance

Specifically, for borrowers who have properties that are affected by the Hurricanes indicated in this announcement, Fannie Mae allows its multifamily servicers to grant forbearance from loan payments for a period not to exceed three (3) months, unless further extensions are granted by Fannie Mae. During the forbearance period, our servicers are required to work with borrowers to conduct damage assessments, file insurance claims and make other preparations to respond to the damage.

Following the end of the forbearance period, the borrower is required to bring the loan current either (i) within twelve (12) months or (ii) upon receipt of insurance proceeds by the borrower or servicer, whichever occurs first.

During the forbearance period, Fannie Mae refrains from taking any adverse action against the borrower for loan delinquency; however, the loan is reported as delinquent in the ongoing disclosure for the related MBS. Generally, loans in forbearance related to the Hurricanes will stay in the MBS and Fannie Mae will continue to make scheduled payments of principal and interest on the MBS pursuant to our guaranty. Upon completion of the forbearance period, the loan will be evaluated on a case-by-case basis and may be removed from the MBS depending on delinquency status or other factors.

List of Multifamily Loans Currently in Forbearance

When a catastrophe occurs, Fannie Mae works to understand the impact to the affected properties in the troubled area by working with our network of servicers. Once we receive sufficient information to determine the impact on a mortgaged property, we will determine if it is appropriate to provide any additional information other than the ongoing performance information provided. If we determine that circumstances warrant additional information, we will publish such information on DUS Disclose on fanniemae.com.

Additional Resources

• Hurricane Impact resources:
  • Multifamily MBS - Catastrophic Events Frequently Asked Questions FAQs: https://www.fanniemae.com/resources/file/mbs/pdf/multifamily-catastrophic-events-faqs.pdf
  • Fannie Mae Disaster Relief website: https://www.fanniemae.com/portal/about-fm/hurricane-relief.html
  • Federal Emergency Management Agency website: https://www.fema.gov
• DUS Disclose
• Sign-up to receive Multifamily MBS News and Commentary

For questions, market participants may contact the Fannie Mae Fixed-Income Investor Helpline at 1-800-2FANNIE or by e-mail.