Purchase option where you 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. 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. in exchange for cash while trading the DeliveredDeliveredSubmission 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. 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. MBSMBSMortgage-Backed Security  with an MBS InvestorMBS InvestorFor MBS Mortgage Loans, either a Third Party MBS Investor for Lender-Arranged Sales, or the Multifamily Trading Desk. .

Per the Loss Sharing Addendum.

Per the Loss Sharing Addendum.

Seniors Housing PropertySeniors Housing PropertyMultifamily residential rental property with any combination of Independent Living, Assisted Living, Alzheimer’s/Dementia Care, or Skilled Nursing units. offering services limited to non-medical personal care, including ADLADLFor Seniors Housing Properties, support for medication management and assistance with bathing, dressing, toileting, ambulating, eating and other similar activities. assistance, which are typically licensed and regulated by a state or local governmental authority. 

American Society for Testing Materials

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. with periodic installments of principal and interest that do not fully amortize 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. , with the balance of 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. due in a lump sum on a specified date, usually the Maturity DateMaturity DateDate all Mortgage Loan amounts become fully due and payable per the Loan Documents. .

Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 5311 et seq.).

When a PersonPersonLegal person, including an individual, estate, trust, corporation, partnership, limited liability company, financial institution, joint venture, association, or other organization or entity (whether governmental or private). :

• is subject to bankruptcy, insolvency, or similar federal or state proceedings;
• provides written acknowledgement (except for 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. workout) of inability to pay maturing debts;
• makes a general assignment for the benefit of creditors;
• repudiates its obligations; or
• is supervised by a receiver, liquidator, or similar officer.

Single Senior Mortgage LoanSenior Mortgage LoanSenior loan purchased by Fannie Mae. that is evidenced by 2 NotesNotesInstrument evidencing a Mortgage Loan obligation, including  Form 6010 series,  any other Fannie Mae-approved note, and  all applicable addenda, schedules, and exhibits.   with the same payment and collateral priority.

Any PersonPersonLegal person, including an individual, estate, trust, corporation, partnership, limited liability company, financial institution, joint venture, association, or other organization or entity (whether governmental or private). who is:

• on the FHFAFHFAFederal Housing Finance Agency. SCP ListSCP ListFHFA’s Suspended Counterparty Program list located at https://www.fhfa.gov. ;
• sanctioned or blocked by OFACOFACU.S. Treasury Department, Office of Foreign Assets Control. ; or
• identified on:
  • HUD'sHUD'sU.S. Department of Housing and Urban Development  “Limited Denial of Participation, HUD Funding Disqualifications and Voluntary Abstentions List”; or
  • General Services Administration’s “System for Award Management (SAM) exclusion list”.