source:
  type: guide
  id: fnma-sel-c1-2-01
  authority: Fannie Mae Selling Guide C1-2-01 — General Information on Delivering
    Loan Data and Documents
  description: Fannie Mae Selling Guide C1-2-01 — General Information on Delivering
    Loan Data and Documents.
  coverage_tier: operative
obligations:
- id: fnma-sel-c1-2-01-full
  canonical_id: fnma-sel-c1-2-01-full
  section: Fannie Mae Selling Guide C1-2-01 — General Information on Delivering Loan
    Data and Documents
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide C1-2-01 — General Information on Delivering
      Loan Data and Documents
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'C1-2-01, General Information on Delivering Loan Data and Documents
      (05/01/2019) Introduction This topic provides general information on a lender’s
      obligation to supply data and documentation of all loans submitted to Fannie
      Mae for purchase, including: Timing and Deadlines Delivery Tolerances Loan Qualiﬁcations
      Receiving Sale Proceeds or Securities Timing and Deadlines A lender can begin
      to deliver loans against its commitments as soon as it receives a commitment
      conﬁrmation number for whole loans, or an MBS commitment contract number for
      MBS loans. The lender must deliver the loans required to fulﬁll the commitment
      prior to the commitment expiration date. Speciﬁcally, lenders must submit loan
      data electronically, via Loan Delivery, and send the documentation package to
      the document custodian. Fannie Mae may reject a loan for a variety of reasons,
      including failure to meet Fannie Mae’s eligibility requirements, incomplete
      or inaccurate loan delivery data, or incomplete document submission packages.
      Fannie Mae may assess a late delivery fee for loans that are redelivered after
      a commitment has expired. See C2-2-01, General Requirements for Good Delivery
      of Whole Loans, and C2-2-02, Documentation Requirements for Whole Loan Deliveries,
      for information concerning whole loan data and document delivery requirements
      and C3-7-04, Delivering MBS Pool Data and Documents, for information concerning
      data and document delivery requirements for loans in MBS pools. Delivery Tolerances
      For both whole loan and MBS deliveries, lenders may deliver an amount slightly
      higher or lower than the original commitment amount, without charge. For information
      on delivery tolerances speciﬁc to whole loan sales and MBS transactions, see
      C2-1.1-02, General Information about Mandatory Commitment Pricing and Fees,
      and C3-7-03, Making Good Delivery. Loan Qualiﬁcations Lenders must ensure that
      all loans selected for delivery meet Fannie Mae’s underwriting and eligibility
      guidelines and legal requirements. The loan terms must also match the terms
      of the commitment, including mortgage type, amortization, original term, and
      pass-through rate(s) selected for delivery when the commitment was created.
      Published May 6, 2026 931 Receiving Sale Proceeds or Securities When Fannie
      Mae purchases loans in fulﬁllment of a whole loan execution, it does so by sending
      funds via wire transfer to an account designated by the lender for this purpose.
      For MBS transactions, Fannie Mae issues securities to the lender, if the lender
      has elected to hold the securities in its portfolio, or to the investor designated
      by the lender, if the lender has sold the securities before it delivers the
      loans to Fannie Mae. If the lender has elected to use an “original issue” settlement
      to fund a forward trade through Fannie Mae’s Capital Markets Pricing and Sales
      Desk (see E-1-02, List of Contacts), the securities will be assigned directly
      to Fannie Mae. For details speciﬁc to the two types of transactions, see C2-2-03,
      General Information on Whole Loan Purchasing Policies, and C3-7-06, Settling
      the Trade, respectively. Recent Related Announcements The table below provides
      references to recently issued Announcements that are related to this topic.
      Announcements Issue Date Announcement SEL-2019-04 May 01, 2019'
  judgment: false
