Fannie Mae Servicing Guide F-3-06 — Acronyms and Glossary of Defined Terms: F
Fannie Mae Servicing Guide F-3-06 — Acronyms and Glossary of Defined Terms: F.
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Fannie Mae Servicing Guide F-3-06 — Acronyms and Glossary of Defined Terms: F
F-3-06, Acronyms and Glossary of Defined Terms: F (06/08/2022) Fannie Mae losses Losses, damages, penalties, settlements, liabilities, judgments, claims, counterclaims, defenses, actions, costs, expenses, attorney fees, and other legal fees (also referred to as “losses incurred by Fannie Mae”). Fannie Mae Portfolio A seller/servicer’s Fannie Mae portfolio includes mortgage loans or participation interests in MBS pools, first and second mortgage loans held in Fannie Mae’s portfolio, Fannie Mae’s participation interests in first or second mortgage loans in participation pools held in its portfolio, and multifamily mortgage loans. Fannie Mae's servicing solutions system Refers to Fannie Mae technology used to, for example, evaluate borrower-requested MI terminations, report delinquent mortgage loan status information, submit workout cases, obtain a property's AVM estimated value and confidence score for loan modifications and Mortgage Release™, and retrieve valuation results for short sales, Mortgage Release and/or Reserve Price Bid Instructions. Fannie Majors See multiple pool. FEMA Federal Emergency Management Agency FHA Federal Housing Administration FHFA Federal Housing Finance Agency FHLMC Federal Home Loan Mortgage Corporation financed MIP An MIP for which the borrower is not required to make an advance payment from their own funds. Rather, the amount required to pay for a lump-sum premium is financed by including it as part of the original mortgage loan amount. forbearance plan A retention workout option for borrowers with a temporary unresolved hardship that provides for a period of Published May 13, 2026 729 reduced or suspended payments. A forbearance plan may be followed by either a full reinstatement, mortgage loan payoff, or workout option to enable the borrower to resolve the delinquency. foreclosure sale rescission The legal process of reversing a foreclosure sale and removing Fannie Mae as titleholder to the property. FRM fixed-rate mortgage full payment amount For ARM loans, the monthly payment required, at each interest change date, to amortize the then outstanding principal balance at the new interest rate over the remaining mortgage term.