source:
  type: guide
  id: fnma-sel-c2-1.1-06
  authority: Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly
    Amortizing Mortgages
  description: Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for
    Regularly Amortizing Mortgages.
  coverage_tier: operative
obligations:
- id: fnma-sel-c2-1.1-06-full
  canonical_id: fnma-sel-c2-1.1-06-full
  section: Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for Regularly
    Amortizing Mortgages
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide C2-1.1-06 — Accrued Interest Payments for
      Regularly Amortizing Mortgages
    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: '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.) Published May 6, 2026 954 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). Recent Related Announcements There are no recently
      issued Announcements related to this topic.'
  judgment: false
