Fannie Mae Servicing Guide F-3-21 — Acronyms and Glossary of Defined Terms: U

fnma-svc-f-3-21

Fannie Mae Servicing Guide F-3-21 — Acronyms and Glossary of Defined Terms: U.

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Fannie Mae Servicing Guide F-3-21 — Acronyms and Glossary of Defined Terms: U

Effective 2019-05-15 · publisher's stamp for this provision

F-3-21, Acronyms and Glossary of Defined Terms: U (05/15/2019) UETA Uniform Electronic Transactions Act underwriting documents All of the documentation used to support the lending decision for a mortgage—such as the loan application and other documents used to verify a borrower’s employment, income, deposits, and credit history. underwriting performance review An after-the-fact review and risk assessment for a sampling of the mortgage loans Fannie Mae purchases or securitizes to ensure that they satisfy Fannie Mae’s mortgage loan eligibility criteria and underwriting guidelines. Uniform Mortgage-Backed Security (UMBS) A common security issued by the GSEs that is eligible for trading in the To-be-Announced market. The securities are backed by fixed-rate mortgage loans secured by single-family, one-to-four unit properties and are identified by certain pool prefixes. unit mortgage A mortgage (or share loan) on an individual residential unit in a PUD, condo, or co-op project. UPB unpaid principal balance USPAP Uniform Standards of Professional Appraisal Practice

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Source of record: https://claudeforcompliance.com/regs/fnma-svc-f-3-21/ · register fnma-svc-f-3-21 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.