D
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.
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.
Per the Master Credit Facility AgreementMaster Credit Facility AgreementAgreement evidencing the terms and conditions of a Credit Facility. , an amount the BorrowerBorrowerPerson who is the obligor per the Note. must fund into the Debt Service Reserve AccountDebt Service Reserve AccountSpringing Debt Service Reserve per the Master Credit Facility Agreement that a Borrower may be required to fund in the event of a Springing Trigger. .