D
For a Streamlined Rate Lock Mortgage Loan trade with the Multifamily Trading Desk Multifamily Trading DeskTeam that: purchases and trades Cash Mortgage Loans and MBS Mortgage Loans for Fannie Mae's own account; and can be contacted at (888) 889-1118. , your ability to increase the Mortgage Loan Mortgage 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. Rate Lock Rate LockAgreement between you and the Investor containing the terms of the Lender-Arranged Sale or Multifamily Trading Desk trade of the Mortgage Loan and the MBS terms and conditions relating to the underlying MBS, if applicable, which may be documented via a recorded telephone conversation. amount.
Process for managing Non-Performing Mortgage Loans Non-Performing Mortgage LoansMortgage Loan with an uncured default. that engages in Borrower BorrowerPerson who is the obligor per the Note. negotiations to achieve an acceptable workout while simultaneously proceeding with the foreclosure process.
Delegated Underwriting and Servicing
Multifamily pre-acquisition system, or any successor systems, recording deal registration, Pre-Review Pre-ReviewRequirement that you obtain Fannie Mae’s approval before you Rate Lock a Mortgage Loan. and/or waiver tracking, Mortgage Loan Mortgage 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. Commitments CommitmentsContractual agreement between you and Fannie Mae where Fannie Mae agrees to buy a Mortgage Loan at a future date in exchange for an MBS, or at a specific price for a Cash Mortgage Loan, and you agree to Deliver that Mortgage Loan. , and decision records.
Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. approved to Deliver DeliverSubmission of all correct, accurate, and certifiable documents, data, and information with all applicable documents properly completed, executed, and recorded as needed, and any deficiencies resolved to Fannie Mae’s satisfaction. loans under the Delegated Underwriting and Servicing program.
Mezzanine Financing Mezzanine FinancingSubordinate debt financing provided to a direct or indirect owner of a Borrower that is secured by a pledge of the direct or indirect equity interest in the Borrower held by the owner, and not by a Lien on the Property. provided by an approved mezzanine lending affiliate of a DUS Lender DUS LenderLender approved to Deliver loans under the Delegated Underwriting and Servicing program. .
Mezzanine Financing Mezzanine FinancingSubordinate debt financing provided to a direct or indirect owner of a Borrower that is secured by a pledge of the direct or indirect equity interest in the Borrower held by the owner, and not by a Lien on the Property. option provided by the Fannie Mae-designated mezzanine Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. .