source:
  type: guide
  id: fnma-sel-c3-2-03
  authority: Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting
    a Remittance Cycle Published May 6, 2026 987
  description: Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting
    a Remittance Cycle Published May 6, 2026 987.
  coverage_tier: operative
obligations:
- id: fnma-sel-c3-2-03-full
  canonical_id: fnma-sel-c3-2-03-full
  section: Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting a
    Remittance Cycle Published May 6, 2026 987
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide C3-2-03 — MBS Remittance Type and Selecting
      a Remittance Cycle Published May 6, 2026 987
    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: '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.'
  judgment: false
