![]() ( See Title and Title Insurance Requirements below for additional information.) A lender delivering a loan that has an inter vivos revocable trust as mortgagor is responsible for:ĭetermining that both the trust and the mortgage satisfy Fannie Mae eligibility criteria and documentation requirements ĭetermining under the laws of the states in which it does business that it can originate mortgages to validly created inter vivos revocable trusts that meet the terms and conditions specified by Fannie Mae andĬompleting a review of the mortgage documentation, applicable state law, and the trust documents to ensure that title insurers provide full title insurance coverage without exceptions for the trust or the trustees for inter vivos revocable trusts in that state.
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