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UPB UPBUnpaid Principal Balance of a 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 when it is purchased by Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .
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 Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! ’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 Loans Non-Performing Mortgage LoansMortgage Loan with an uncured default. .
Credit enhancement under which Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! makes principal and interest payments directly to the Bond Trustee Bond TrusteeTrustee for a Credit Enhancement Instrument. (for payment to bondholders) regardless of whether the Borrower BorrowerPerson who is the obligor per the Note. has reimbursed Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! for such payments.
Documents for an Investor InvestorMBS Investor for an MBS Mortgage Loan, or Fannie Mae for a Cash Mortgage Loan. for a particular Securitized Mortgage Loan Securitized 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 Account Custodial AccountAccount established by the Servicer for depositing P&I payments, T&I payments, and escrow, reserve, or other funds received from the Borrower per any Loan Document, including the: Collateral Agreement; Multifamily Loan Agreement; or Security Instrument. established by the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. for the benefit of Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! and for which Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! has authority to transfer funds.
Per the Master Credit Facility Agreement Master Credit Facility AgreementAgreement evidencing the terms and conditions of a Credit Facility. , an amount the Borrower BorrowerPerson who is the obligor per the Note. must fund into the Debt Service Reserve Account Debt 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. .