D
Business-to-business electronic documentation delivery application, or any successor system.
Unit currently not rentable in the normal course of business due to requiring more than routine maintenance and repairs.
Custodial AccountCustodial AccountAccounts established by the Servicer for depositing P&I payments, T&I funds, Collateral Agreement deposits, and other similar funds. established by the LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. for the benefit of Fannie Mae and for which Fannie Mae has authority to transfer funds.
For a Streamlined Rate Lock Mortgage Loan trade with the Multifamily Trading DeskMultifamily Trading DeskTeam that quotes interest rate pricing for a Mortgage Loan and can be contacted at (888) 889-1118. , your ability to increase 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. Rate LockRate 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 LoansNon-Performing Mortgage LoansMortgage Loan with an uncured default. that engages in BorrowerBorrowerPerson 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-ReviewPre-ReviewRequirement that you obtain Fannie Mae’s approval before you Rate Lock a Mortgage Loan. and/or waiver tracking, 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. CommitmentsCommitmentsContractual 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.
LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. approved to DeliverDeliverSubmission 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 FinancingMezzanine 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 LenderDUS LenderLender approved to Deliver loans under the Delegated Underwriting and Servicing program. .