FNMA Sample Clauses
The FNMA clause refers to provisions that align a contract or agreement with the requirements and standards set by the Federal National Mortgage Association (Fannie Mae). In practice, this clause ensures that the terms, conditions, and documentation of a mortgage or loan are compliant with Fannie Mae’s guidelines, which may include specific underwriting criteria, servicing obligations, or reporting requirements. By incorporating the FNMA clause, parties ensure that the loan remains eligible for sale to or securitization by Fannie Mae, thereby facilitating access to secondary mortgage markets and promoting liquidity.
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FNMA. The Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.
FNMA. F▇▇▇▇▇ Mae, or its successor-in-interest.
FNMA. The Federal National Mortgage Association.
FNMA. Fannie Mae, a fed▇▇▇▇▇▇ ▇▇artered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.
FNMA. The Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. Form 10-D Disclosure Item: With respect to any Person, any material litigation or governmental proceedings pending against such Person, or against any of the Trust Fund, the Depositor, the Trustee or the Servicer, if such Person has actual knowledge thereof. Form 10-K Disclosure Item: With respect to any Person, (a) Form 20-D Disclosure Item, and (b) any affiliations or relationships between such Person and any Item 1119 Party. Fraud Loan: A Liquidated Mortgage Loan as to which a Fraud Loss has occurred.
FNMA. Newco receiving evidence satisfactory to Newco, in its sole discretion, that FNMA has granted DUS loan origination and servicing rights to Newco as of the Closing Date on terms acceptable to Newco. Newco anticipates that such satisfactory evidence may include but not be limited to (A) an addendum or amendment to the DUS Contract mutually satisfactory to FNMA and Newco, (B) FNMA's written consent to the assignment to Newco of any and all right, title and interest that either the Partnership, Holding or Benefit has or may have in and to the DUS Loss Sharing Agreement, (C) FNMA's written consent to the assignment to Newco of any and all right, title and interest that either the Partnership, Holding or Benefit has or may have in and to the DUS Reserve Agreement, including but not limited to rights to "Collateral," as that term is defined in the DUS Reserve Agreement and (D) a certification from the Custodian acknowledging the matters set forth in the preceding clause (C) and stating that it is now holding the Collateral for the benefit of Newco and FNMA subject to the terms of the DUS Reserve Agreement.
FNMA. ▇▇▇▇▇▇ ▇▇▇, formally known as Federal National Mortgage Association.