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  • 30-Day Average SOFR

    Compounded average of SOFRSOFRFor any Business Day, the Secured Overnight Financing Rate as published by the Federal Reserve Bank of New York, or any successor administrator, on the Federal Reserve Website. over a specified interest period of 30 days.

A

  • ACH

    Electronic Automated Clearing HouseAutomated Clearing HouseElectronic Automated Clearing House network for processing U.S. banking transactions. network for processing U.S. banking transactions.

  • ACheck

    LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. due diligence performed for the BorrowerBorrowerPerson who is the obligor per the Note. , Key PrincipalKey PrincipalPerson who controls and/or manages the Borrower or the Property, is critical to the successful operation and management of the Borrower and the Property, and/or may be required to provide a Guaranty. , and PrincipalPrincipalPerson who owns or controls specified interests in the Borrower per Part I, Chapter 3: Borrower, Guarantor, Key Principals, and Principals, Section 303: Key Principals, Principals, and Guarantors. using the ACheckACheckLender due diligence performed for the Borrower, Key Principal, and Principal using the ACheck application. application.

  • Achievement Agreement

    Agreement requiring the BorrowerBorrowerPerson who is the obligor per the Note. to provide a letter of credit, cash, or guaranty as additional collateral to support the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. amount and specifying the terms for releasing the collateral.

  • Achievement Letter of Credit

    Letter of CreditLetter of CreditLetter of Credit approved by Fannie Mae per Part I, Chapter 2: Mortgage Loan, Section 204: Letters of Credit. that is released as collateral when a certain event occurs or a requirement is met (e.g., construction completion, or minimum occupancy or EGIEGIOn an annual basis or any specified period, the total of Net Rental Income plus other income per Part II, Chapter 2: Valuation and Income, Section 203: Income Analysis and the applicable products and features in Part III. level reached).

  • Action Plan

    Your report analyzing

    • the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. and PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). issues,
    • your resolution strategy, and
    • related actions and outcomes.

  • Activities of Daily Living

    For Seniors HousingSeniors HousingMultifamily residential rental property with any combination of Independent Living, Assisted Living, Alzheimer’s/Dementia Care, or Skilled Nursing units. PropertiesPropertiesMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). , support for medication management and assistance with bathing, dressing, toileting, ambulating, eating and other similar activities.

  • Actual Cooperative Property Basis

    Financial analysis or valuation of a Cooperative PropertyCooperative PropertyMultifamily residential property owned by a Cooperative Organization. conducted based on its actual operating performance.

  • Actual Losses

    Fannie Mae approved net Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. loss amount calculated per the Multifamily Loss Notification Form.

  • Additional Disclosure

    Information you provide that is published as an addendum to the disclosure documents when an MBSMBSMortgage-Backed Security is issued and describes special SecuritySecurityMBS, PFP MBS, or REMIC. , Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. , or PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). characteristics or terms that differ from those described in the standard Multifamily MBS Prospectus.