Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly Amortizing Mortgages

fnma-sel-c2-1-1-06

Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly Amortizing Mortgages.

This register: .xlsx .csv

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly Amortizing Mortgages — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly Amortizing Mortgages

Effective 2011-06-28 · publisher's stamp for this provision

C2-1.1-06, Accrued Interest Payments for Regularly Amortizing Mortgages (06/28/2011) Introduction This topic describes the policies for accrued interest payments for regularly amortizing mortgages, including: Overview Accrued Interest Payments for Regularly Amortizing Mortgages Overview The amount of servicing fee Fannie Mae will pay lenders for servicing regularly amortizing mortgages delivered via a mandatory commitment depends on the remittance option the lender has selected. (See C1-3-01, General Information on Remittance Types, for descriptions of the remittance types.) Accrued Interest Payments for Regularly Amortizing Mortgages For A/A remittances, Fannie Mae purchases accrued interest from the last paid installment date for the mortgage up to, but not including, the purchase date. This interest adjustment is based on the unpaid principal balance of the mortgage at the time it is submitted for purchase and the designated pass-through rate of the mortgage (which is the lesser of the net note rate and Fannie Mae’s required yield for mortgages delivered under whole loan commitments that specify the standard pricing option). If interest is prepaid, Fannie Mae deducts accrued interest from the purchase proceeds. For S/S remittances, Fannie Mae purchases accrued interest from the first day of the purchase month up to, but not including, the purchase date. This interest adjustment is based on the scheduled unpaid principal balance for the mortgage as of the purchase date and the designated pass-through rate of the mortgage. For S/A remittances, Fannie Mae purchases accrued interest from the first day of the purchase month up to, but not including, the purchase date. This interest adjustment is based on the unpaid principal balance for the mortgage at the time it is submitted for purchase and the designated pass-through rate of the mortgage (which is the lesser of the net note rate and Fannie Mae’s required yield for mortgages delivered under cash commitments that specify the standard pricing option).

Source: Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly Amortizing Mortgages · source URL · snapshot 2897f21e1e729b42

Get this regulation in your AI window

Announcements change Guide topics, but the old wording keeps circulating. An assistant will hand you the prior version and name no date at all.Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.

Open in Claude Open in ChatGPT

Open in Claude shows the one-time setup: paste one address, no account with us. Open in ChatGPT asks ChatGPT about this page, with no setup. Either way it’s free.

Next step: the FNMA AI Lender Letter playbook. Run it in your AI window →

Get notified if this rule changes

One email when Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly Amortizing Mortgages changes: what changed, the new verbatim text, and the effective date. Nothing else.

Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.

Source of record: https://claudeforcompliance.com/regs/fnma-sel-c2-1-1-06/ · register fnma-sel-c2-1-1-06 · 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.