Seller/Servicer Memorandum 20-03
SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)
SERVICING GUIDE REVISIONS: CONTACT SERVICING
(Anchorage Only: 907-338-6100/ Outside Anchorage: 800-478-2432)
The Assumptions and Release of Co-Borrower sections have been updated in both the Selling and Servicing guides with clearer instructions on how both should be handled.
Several of the forms have been updated and/or removed.
Selling Guide Section 7006
Servicing Guide Section 12000.10
Release of Co-Borrower
Selling Guide Section 7007
Servicing Guide Section 12000.09
ASM-29 (Loan Modification & Assumption Agreement)
This document has been renamed to Assumption and Change of Loan Program Agreement. Several items have been removed and/or modified on the document. The ASM-29 must be recorded upon completion.
ASM-2 (Request for Prior Approval of Credit/Assumption)
ASM-4 (AHFC Review Form / Prior to Release of Co Borrower)
ASM-22 (Assumption Agreement Without Release of Liability/Mobile Homes)
ASM-28 (Assumption Without Release Certification)