Last reviewed 10-31-2026Short-Sale.com Editorialglossary
PAL
Fannie Mae
Updated 10-31-2026
PAL
One or more defects that, when considered with other loan features, and based on the facts of the loan as purchased or securitized by Fannie Mae, result in a loan that was otherwise eligible for delivery to Fannie Mae had the correct data been delivered and LLPA been paid to Fannie Mae by the lender.
Fannie Mae Glossary of Terms
Fannie Mae · p. 38
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