F-3-07, Acronyms and Glossary of Defined Terms: G (07/13/2022)

A residential structure that is or will be occupied by persons with disabilities irrespective of familial relationship.

government-sponsored enterprise

Compensation that a seller pays Fannie Mae for the right to participate in the MBS program.

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.

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.

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.