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.
