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Multifamily rental PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). in which 80% or more of the units are leased to undergraduate or graduate students.
Transaction where a PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). is released from the lien of the Security InstrumentSecurity InstrumentInstrument creating a lien or encumbrance on 1 or more Properties and securing the Loan Document obligations. and the LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. receives a valid and perfected lien and security interest in substitute collateral acceptable to Fannie Mae and the cash flows thereunder.
Multifamily Asset Management Delegated Transaction Form (Form 4636 series) used to determine whether certain asset management requests from a BorrowerBorrowerPerson who is the obligor per the Note. are delegated to the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. .
Your required advances for scheduled monthly 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. principal and/or interest per
- your Lender ContractLender ContractProgram Documents per the Multifamily Selling and Servicing Agreement. , or
- the GuideGuideMultifamily Selling and Servicing Guide controlling all Lender and Servicer requirements unless a Lender Contract specifies otherwise. .
UPBUPBUnpaid Principal Balance of a 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. when it is purchased by Fannie Mae.
Submission 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.
The applicable Security Instrument (Form 6025 series), as modified by the Modifications to Security Instrument (Unfunded Forwards) (Form 6321).
Multifamily Delinquency Early Warning System used for reporting the monthly status of Non-Performing Mortgage LoansNon-Performing Mortgage LoansMortgage Loan with an uncured default. .
Credit enhancement under which Fannie Mae makes principal and interest payments directly to the Bond TrusteeBond TrusteeTrustee for a Credit Enhancement Instrument. (for payment to bondholders) regardless of whether the BorrowerBorrowerPerson who is the obligor per the Note. has reimbursed Fannie Mae for such payments.
Documents for an InvestorInvestorMBS Investor for an MBS Mortgage Loan, or Fannie Mae for a Cash Mortgage Loan. for a particular Securitized Mortgage LoanSecuritized Mortgage LoanMortgage Loan backing an MBS, PFP MBS, or REMIC. , which may include the MBS Trust Agreement, Prospectus, and any related documents.