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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, including Fannie Mae's Servicing Management Default Underwriter™ (SMDU™) and/or HSSN™, used for evaluating borrower-requested MI terminations, reporting delinquent mortgage loan status information, workout case submissions, obtaining a property's AVM estimated value and confidence score for loan modifications and Mortgage Release™, and retrieving results of valuation requests for short sales, Mortgage Release and/or Reserve Price Bid Instructions.

Fannie Majors

See multiple pool. 


Federal Emergency Management Agency


Federal Housing Administration


Federal Housing Finance Agency


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 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.


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.