The FNMA instructions to the New York Assignment require that:
“If there have been prior assignments or consolidations of mortgages, lenders MUST also amend the latter part of the first paragraph (after the language that follows the legal description of the property) by reciting the recording information, dates, and parties for all such prior assignments or mortgages.”
In light of this FNMA authorized change, we are adding the functionality to list the recording information, dates, and parties for prior assignments or mortgages on each NY Assignment, provided the fields are populated. This information, if sent, will appear on the following NY Assignments:
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- NY Assignment of Mortgage (Cx1542)
- NY Assignment from MERS (Cx4338)
- NY Assignment – INV BLANK (Cx4513)
This change will be in effect on December 10, 2020. If you have any questions or concerns about this change, or would like to know which fields will be needed to populate the prior assignment or mortgage information, please contact Client Support at 1.800.497.3584.
DR 333309