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DeliveryDeliverySubmission 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. option permitting Mortgage LoansMortgage LoansMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or a mortgage debt obligation with a Fannie Mae credit enhancement. to be pooled and secure an MBSMBSMortgage-Backed Security issued in the same month as the Mortgage Loan Origination DateMortgage Loan Origination DateDate you fund a Mortgage Loan to the Borrower. .
FHFAFHFAFederal Housing Finance Agency. ’s Suspended Counterparty Program list located at https://www.fhfa.gov.
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. where you bear all losses until your recourse obligation is exhausted.
For any Business DayBusiness DayAny day other than a Saturday, Sunday, day when Fannie Mae is closed, day when the Federal Reserve Bank of New York is closed, or for any MBS and required remittance withdrawal, day when the Federal Reserve Bank is closed in the district where any of the MBS funds are held. , the Secured Overnight Financing RateSecured Overnight Financing RateFor 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. as published by the Federal Reserve Bank of New York, or any successor administrator, on the Federal Reserve Website.
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. backing an MBSMBSMortgage-Backed Security , PFP MBSPFP MBSMBS backed by a PFP Mortgage Loan. , or REMICREMICReal Estate Mortgage Investment Conduit .
For an MBS PoolMBS PoolMBS Security backed by MBS Mortgage Loans. , the Issue Date Principal BalanceIssue Date Principal BalanceFor any Securitized Mortgage Loan, the UPB of the Note after crediting: the principal portion of any scheduled monthly installment due on or before the Security Issue Date, whether or not collected; and any unscheduled principal payment received on or before the Security Issue Date. minus any MBSMBSMortgage-Backed Security principal distribution amounts included in previous MBSMBSMortgage-Backed Security monthly remittances.
Instrument creating a lien or encumbrance on 1 or more PropertiesPropertiesMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). and securing the Loan DocumentLoan DocumentAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. obligations.
Senior loan purchased by Fannie Mae.
Physical improvement at a Seniors Housing PropertySeniors Housing PropertyMultifamily residential rental property with any combination of Independent Living, Assisted Living, Alzheimer’s/Dementia Care, or Skilled Nursing units. costing more than $20,000/unit, or $3 million in total project costs.