FNMA Servicing Guide C-1 — Processing Mortgage Loan Payments
Servicing Guide Chapter C-1 governs payment application order, custodial deposit timing, and related processing rules.
Verbatim regulatory text
Verbatim provisions from FNMA Servicing Guide C-1 — Processing Mortgage Loan Payments — 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.
FNMA Servicing Guide C-1.1-01 — Servicer Responsibilities for Processing Mortgage Loan Payments
Apply scheduled payments, including late charges (if applicable), in the order specified in the security instrument.
FNMA Servicing Guide C-1.1-01 — Servicer Responsibilities for Processing Mortgage Loan Payments
Deposit all funds into a custodial account in a financial institution that meets Fannie Mae’s rating requirements for custodial depositories (or within its own institution if it qualifies) within 24 hours of receipt.
Fannie Mae Servicing Guide Chapter C-1 — Processing Mortgage Loan Payments (introduction)
Chapter C-1, Processing Mortgage Loan Payments Introduction This chapter contains information on processing mortgage loan payments.
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