Fannie Mae Servicing Guide F-3-07 — Acronyms and Glossary of Defined Terms: G

fnma-svc-f-3-07

Fannie Mae Servicing Guide F-3-07 — Acronyms and Glossary of Defined Terms: G.

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Verbatim provisions from Fannie Mae Servicing Guide F-3-07 — Acronyms and Glossary of Defined Terms: G — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Servicing Guide F-3-07 — Acronyms and Glossary of Defined Terms: G

Effective 2022-07-13 · publisher's stamp for this provision

F-3-07, Acronyms and Glossary of Defined Terms: G (07/13/2022) group home A residential structure that is or will be occupied by persons with disabilities irrespective of familial relationship. GSE government-sponsored enterprise guaranty fee Compensation that a seller pays Fannie Mae for the right to participate in the MBS program. guaranty fee buydown An agreement to reduce the guaranty fee remittance rate for an MBS mortgage loan below the contractual rate for the applicable servicing option and remittance cycle in return for the seller’s payment of a fee to Fannie Mae. guaranty fee buyup An agreement to increase the guaranty fee remittance rate for an MBS mortgage above the contractual rate for the applicable servicing option and remittance cycle in return for Fannie Mae’s paying a fee to the lender. Guaranty Fee Relief process The process under which Fannie Mae will suspend drafting guaranty fees from the servicer’s custodial account when a scheduled/scheduled remittance type MBS mortgage loan (special or regular servicing option) becomes four consecutive months delinquent.

Source: Fannie Mae Servicing Guide F-3-07 — Acronyms and Glossary of Defined Terms: G · source URL · snapshot cf63a82bbb4adfba

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