Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting a Remittance Cycle Published May 6, 2026 987
Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting a Remittance Cycle Published May 6, 2026 987.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting a Remittance Cycle Published May 6, 2026 987 — 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 C3-2-03 — MBS Remittance Type and Selecting a Remittance Cycle Published May 6, 2026 987
C3-2-03, MBS Remittance Type and Selecting a Remittance Cycle Published May 6, 2026 987 (10/25/2011) Introduction In this topic, the lender’s options with respect to remitting principal and interest on MBS pool loans are addressed, including: MBS Pool Remittance Type Standard Remittance Cycle MBS Pool Remittance Type All MBS mortgages are accounted for as the scheduled/scheduled remittance type. This means that a servicer may have to advance its own funds to cover the amount Fannie Mae is due on a mortgage for which the monthly payment of principal and interest is late. Standard Remittance Cycle Under the standard remittance cycle, lenders remit scheduled P&I payments on the 18th of the month in which they are due from the borrowers (or, if the 18th is not a business day, on the business day preceding the 18th). Unscheduled principal payments must be remitted by the 18th of the month following collection. Recent Related Announcements There are no recently issued Announcements related to this topic.