source:
  type: guide
  id: fnma-svc-c-3-01
  authority: Fannie Mae Servicing Guide C-3-01 — Responsibilities Related to Remitting
    P&I Funds to Fannie Mae
  description: Fannie Mae Servicing Guide C-3-01 — Responsibilities Related to Remitting
    P&I Funds to Fannie Mae.
  coverage_tier: operative
obligations:
- id: fnma-svc-c-3-01-full
  canonical_id: fnma-svc-c-3-01-full
  section: Fannie Mae Servicing Guide C-3-01 — Responsibilities Related to Remitting
    P&I Funds to Fannie Mae
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide C-3-01 — Responsibilities Related to Remitting
      P&I Funds to Fannie Mae
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'C-3-01, Responsibilities Related to Remitting P&I Funds to Fannie
      Mae (03/11/2026) Introduction This topic contains the following: Overview Remitting
      to Fannie Mae for Delinquent MBS Mortgage Loans Remitting to Fannie Mae for
      Delinquent Portfolio Mortgage Loans Remitting to Fannie Mae for Biweekly Payments
      Remitting to Fannie Mae for Mortgage Loans Subject to a Temporary Interest Rate
      Buydown Plan Processing Over-Remittances Overview The servicer must remit all
      funds that are due to Fannie Mae for that month under the schedule established
      for each remittance type and, if applicable, remittance cycle. Depending on
      the mortgage loan type and individual circumstances, required remittances may
      include, but are not limited to: Scheduled P&I or actual P&I payments collected;
      Guaranty fees and charges; Claim, sale or payoﬀ proceeds; Special remittances;
      or Other fees and charges. If the servicer does not remit funds due to Fannie
      Mae on or before the remittance due date, Fannie Mae may impose a compensatory
      fee. The servicer must follow the procedures in F-1-20, Remitting and Accounting
      to Fannie Mae and Fannie Published May 13, 2026 227 Mae’s Investor Reporting
      Manual for detailed instructions. See also A2-1-01, General Servicer Duties
      and Responsibilities for additional information on the servicer’s remittance
      responsibilities, including for delinquent mortgage loans. Remitting to Fannie
      Mae for Delinquent MBS Mortgage Loans The servicer must remit P&I to Fannie
      Mae on scheduled/scheduled remittance type MBS mortgage loans regardless of
      whether it actually receives payments from the borrower. The following table
      further describes the servicer’s remittance responsibilities, depending on the
      mortgage loan servicing option. Servicing Option The servicer must remit P&I
      until the mortgage loan… Special servicing option mortgage loans becomes four
      consecutive months delinquent. When the mortgage loan reaches that point, Fannie
      Mae will suspend drafting scheduled P&I amounts from the servicer’s custodial
      account until the mortgage loan becomes current or a full contractual payment
      is made (see F-1-20, Remitting and Accounting to Fannie Mae for details on the
      Stop Delinquency Advance process). Regular servicing option mortgage loans is
      removed from Fannie Mae’s active accounting records or the MBS pool. Remitting
      to Fannie Mae for Delinquent Portfolio Mortgage Loans The servicer must remit
      scheduled principal and/or interest to Fannie Mae for a delinquent portfolio
      mortgage loan in accordance with the table below, regardless of whether it actually
      receives payments from the borrower. Mortgage Loan Type The servicer must remit…
      Special servicing option mortgage loans with a scheduled/scheduled remittance
      type P&I until the mortgage loan becomes four consecutive months delinquent.
      When the mortgage loan reaches that point, Fannie Mae will suspend drafting
      scheduled P&I amounts from the servicer’s custodial account until the mortgage
      loan becomes current or a full contractual payment is made (see F-1-20, Remitting
      and Accounting to Fannie Mae for details on the Stop Delinquency Advance process).
      Regular servicing option mortgage loans with a scheduled/scheduled remittance
      type P&I until it is removed from Fannie Mae’s active accounting records. Published
      May 13, 2026 228 Mortgage Loan Type The servicer must remit… Scheduled/actual
      remittance type mortgage loans (including participation pool mortgage loans)
      scheduled interest only through the third month of delinquency, except for concurrent
      sales participation pool mortgage loans, which require that interest be advanced
      through the foreclosure sale date. For remitting amounts collected for actual/actual
      mortgage loans, refer to F-1-20, Remitting and Accounting to Fannie Mae. Remitting
      to Fannie Mae for Biweekly Payments Actual/actual biweekly mortgage loan activity
      must be reported to Fannie Mae daily as received. For mortgage loans with a
      biweekly payment, the servicer must deposit the diﬀerence between the interest
      collected from the borrowers and the interest due on the loan into its designated
      draft account. The servicer must remit funds to Fannie Mae for a mortgage loan
      with biweekly payments when a full installment of P&I has accumulated for a
      mortgage loan that has an actual/actual remittance type, or the biweekly payment
      is scheduled to be remitted (whether or not it was collected from the borrower)
      for a mortgage loan that has a scheduled/actual or scheduled/scheduled remittance
      type. Remitting to Fannie Mae for Mortgage Loans Subject to a Temporary Interest
      Rate Buydown Plan If the servicer holds the buydown funds, it must remit them
      to Fannie Mae along with the payment received from the borrower as speciﬁed
      in the buydown agreement as a full contractual payment each month. During the
      period in which the mortgage loan is subject to a temporary interest buydown
      plan, the servicer must treat the portion of the P&I payment received from the
      borrower in accordance with the plan as a full monthly installment. Subject
      to the terms of the buydown agreement, the servicer must return any money it
      is holding in association with a temporary interest rate buydown plan to Fannie
      Mae, when either the buydown term ends; or the mortgage loan is liquidated,
      whichever occurs ﬁrst. Also see the following topics for additional requirements
      for remitting to Fannie Mae any funds the servicer is holding in association
      with a temporary interest rate buydown plan: Applying Funds Remaining in an
      Interest Rate Buydown Plan Account in C-1.2-03, Processing Payments in Full;
      Processing a Fannie Mae Flex Modiﬁcation for Mortgage Loans Subject to a temporary
      Interest Rate Published May 13, 2026 229 Buydown Plan in D2-3.2-06, Fannie Mae
      Flex Modiﬁcation; General Requirements When Processing a Fannie Mae Short Sale
      in D2-3.3-01, Fannie Mae Short Sale; and General Requirements When Processing
      a Fannie Mae in Release in D2-3.3-02, Fannie Mae Mortgage Release (Deed-in-Lieu
      of Foreclosure). Processing Over-Remittances The servicer must exercise due
      diligence to ensure that it discovers over-remittances as soon as possible.
      Once the servicer discovers an over-remittance, it should promptly notify Fannie
      Mae by submitting a documented claim for a refund. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SVC-2026-02 March
      11, 2026 Announcement SVC-2025-05 August 13, 2025 Announcement SVC-2022-05 July
      13, 2022 Announcement SVC-2020-03 July 15, 2020'
  judgment: false
