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  • ACH

    Electronic Automated Clearing House Automated Clearing HouseElectronic Automated Clearing House network for processing U.S. banking transactions. network for processing U.S. banking transactions.

  • ACheck

    Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. due diligence performed for the Borrower BorrowerPerson who is the obligor per the Note. , Key Principal Key PrincipalPerson who controls and/or manages the Borrower or the Property, is critical to the successful operation and management of the Borrower and the Property, and/or may be required to provide a Guaranty. , and Principal PrincipalPerson who owns or controls, in the aggregate, directly or indirectly (together with that Person's Immediate Family Members, if an individual), specified interests in the Borrower per Part I, Chapter 3: Borrower, Guarantor, Key Principals, and Principals, Section 303: Key Principals, Principals,… using the ACheck ACheckLender due diligence performed for the Borrower, Key Principal, and Principal using the ACheckTM application. TM application.

  • Achievement Agreement

    Agreement requiring the Borrower BorrowerPerson who is the obligor per the Note. to provide a letter of credit, cash, or guaranty as additional collateral to support 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. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 amount and specifying the terms for releasing the collateral.

  • Achievement Letter of Credit

    Letter of Credit Letter of CreditLetter of Credit approved by Fannie Mae per Part I, Chapter 2: Mortgage Loan, Section 204: Letters of Credit. that is released as collateral when a certain event occurs or a requirement is met (e.g., construction completion, or minimum occupancy or EGI EGIFor any specified period, the Property's total Net Rental Income, plus commercial income, plus other income, all calculated per Part II, Chapter 2: Valuation and Income, Section 203: Income Analysis and the applicable products and features in Part III. level reached).

  • Acquisition

    Any Purchase of either the:

    • Property’s Property’sMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). fee simple or leasehold interest via a deed transfer; or
    • Controlling Interest Controlling InterestFor any entity, ownership or control of 50% or more of the ownership interests in the entity or the power or right to control or modify, directly or indirectly, the management and operations of the entity. in the Borrower BorrowerPerson who is the obligor per the Note. .

  • Action Plan

    Your report analyzing

    • 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. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 and Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). issues,
    • your resolution strategy, and
    • related actions and outcomes.

  • Activities of Daily Living

    For Seniors Housing Properties Seniors Housing PropertiesMultifamily residential rental property with any combination of Independent Living, Assisted Living, Alzheimer’s/Dementia Care, or Skilled Nursing units. , support for medication management and assistance with bathing, dressing, toileting, ambulating, eating and other similar activities.

  • Actual Cooperative Property Basis

    Financial analysis or valuation of a Cooperative Property Cooperative PropertyMultifamily residential property owned by a Cooperative Organization. conducted based on its actual operating performance.

  • Actual Losses

    Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! approved net 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. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 loss amount calculated per the Multifamily Loss Notification Form.

  • Additional Disclosure

    Information you provide that is published as an addendum to the disclosure documents when an MBS MBSMortgage-Backed Security is issued and describes special Security SecurityMBS, PFP MBS, or REMIC. , 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. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 , or Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). characteristics or terms that differ from those described in the standard Multifamily MBS Prospectus.