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https://quizlet.com/138031413/chapter-19-flash-cards/
An optional delivery commitment, gives Fannie Mae the right (but not the obligation) to purchase mortgage loans from originators. False Under the HUD Act of 1968, the assets, liabilities, and management of secondary market operations were transferred to a completely private corporation known as "Ginnie Mae" (GNMA).
https://multifamily.fanniemae.com/sites/g/files/koqyhd161/files/migrated-files/content/guide_form/e_xi.1.doc
form of commitment comfirmation (mbs/dus) federal national mortgage association. optional delivery commitment. multifamily mbs/dus. this will confirm our commitment to enter into an mbs/dus pool purchase transaction in accordance with the fannie mae mortgage selling and servicing contract, our multifamily delegated underwriting and servicing guide, and the terms shown below.
https://www.investopedia.com/terms/m/mandatory_mortgage_lock.asp
Jun 19, 2018 · Mandatory Mortgage Lock: The sale of a mortgage in the secondary mortgage market with terms that require the seller of the mortgage to make delivery to the …Author: Julia Kagan
https://www.gopennymac.com/tools/seller-guide/commitment-options
Mortgage Loans previously locked in a Best Efforts commitment may not be allocated or delivered into a Bulk commitment unless such commitment was locked greater than sixty (60) calendar days after the earlier of the Best Efforts cancellation date or most recent commitment delivery due date. Mortgage Loans previously locked in a Best Efforts ...
https://www.investordictionary.com/definition/optional-delivery
Optional delivery Definition. A mortgage loan purchase program offered by the Federal Home Loan Mortgage Corporation in which the seller/servicer may decide not to deliver the loans and thus not consummate the sale.
https://singlefamily.fanniemae.com/pricing-execution/faqs-pricing-execution-mbs
Are mortgage-backed securities (MBS) commitments mandatory or optional? All MBS commitments are mandatory. Minimum and maximum delivery amounts will be included in the commitment terms, and lenders will be able to view these amounts before accepting a commitment. ... A lender will not be able to deliver volume beyond the maximum delivery amount ...
https://www.investopedia.com/terms/f/forward-commitment.asp
Mar 16, 2020 · Forward Commitment: 1. A contract pertaining to the future sale or purchase of a security. Price and date are specified in the contract. 2. A formal promise to make a loan sometime in the future ...
http://www.fhlbboston.com/productsandservices/mortgagepartnershipfinance/01_04_06_mpf_35.jsp
The MPF 35™ product allows you to share the risks associated with home mortgage finance with your Federal Home Loan Bank. MPF 35 offers you, a Participating Financial Institution, the ability to originate, sell, and service fixed-rate, conventional residential mortgage loans and receive a Credit Enhancement Fee for your credit expertise.
http://www.freddiemac.com/singlefamily/factsheets/sell/wacarm_guarantor.html
Weighted Average Coupon (WAC) ARM Guarantor Execution. A competitive securities execution with lucrative options. Freddie Mac's Weighted Average Coupon (WAC) ARM Guarantor execution offers a competitive securities execution for your ARMs that adjust based on the Constant Maturity Treasury (CMT)-index or the London Interbank Offered Rate (LIBOR)-index.
http://www.fhlbboston.com/productsandservices/mortgagepartnershipfinance/01_04_01_original_mpf.jsp
The MPF® program provides an alternative to holding fixed-rate loans in portfolio or selling them to the secondary market. Under the MPF Original product, the risks associated with home mortgage finance are shared with the Federal Home Loan Bank of Boston to maximize comparative advantages.
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