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15.132 Reserves
In evaluating assets, one month’s reserve is an amount equal to the monthly payment on the property in question, including principal and interest, real estate taxes, property hazard insurance premium, and, where applicable, mortgage insurance...
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Resources > FAQ > CHAPTER-15-GLOSSARY > 14-106-Seller

15.133 Rural Development (RD)
A government agency within the U.S. Department of Agriculture (USDA) that makes direct loans and guarantees mortgages secured by residential properties located in rural areas, concentrating on borrowers who meet income eligibility requirements.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-107-Seller-Agreement

15.134 S&P
Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services, or its successor in interest.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-108-Service-Release-Premium-(SRP)

15.135 Securities Act
The Securities Act of 1933, as amended.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-109-Servicing-Retained

15.136 Securitization Transaction
Any transaction involving either (1) a sale or other transfer of some or all of the loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities...
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Resources > FAQ > CHAPTER-15-GLOSSARY > 14-110-Servicing-Rights