Fannie Mae Selling Guide C1-3-01 — General Information on Remittance Types

Fannie Mae Selling Guide C1-3-01 — General Information on Remittance Types

C1-3-01, General Information on Remittance Types (08/26/2014) Introduction This topic provides an overview of borrower payment remittance types, including: Overview Actual/Actual Scheduled/Scheduled Scheduled/Actual Overview When taking down a commitment to sell whole loans to Fannie Mae, lenders must select a remittance type that identifies both the amount and timing for sending the borrowers’ mortgage payments to Fannie Mae. Not all remittance types are available for all product types. For MBS mortgages, the only remittance type available is Scheduled/Scheduled. After Fannie Mae purchases a mortgage, it generally will not change the remittance type the lender has selected. Refer to the applicable section of the Servicing Guide for more information about remittance types. Published May 6, 2026 943 Actual/Actual The Actual/Actual (A/A) remittance type is available for whole loans. It is required for HUD-guaranteed and Rural Development-guaranteed mortgages. Lenders must notify Fannie Mae immediately and remit the actual principal and interest collected from the borrower, net of servicing fees, to Fannie Mae. Scheduled/Scheduled The Scheduled/Scheduled (S/S) remittance type is available on a negotiated basis for whole loans, including ARMs, and fully amortizing fixed-rate conventional monthly payment first mortgages. It is required for MBS mortgages. Lenders remit scheduled interest (net of servicing fees) and scheduled principal due, whether or not payment is collected from the borrower. Scheduled/Actual The Scheduled/Actual (S/A) remittance type is available for whole loans. Lenders remit scheduled interest (net of servicing fees) regardless of actual collections from the borrower and actual principal collected the month following receipt of funds. Recent Related Announcements There are no recently issued Announcements related to this topic. Subpart C2, Whole Loan Transactions Introduction This subpart includes Fannie Mae’s policies, parameters, and other information regarding the sale and delivery of whole loans for cash. Whole loan products, commitment types and process, servicing fees, remittance types, loan payments and purchase adjustments are covered in the first chapter; requirements for good delivery, extensions and pair-offs, required data and documentation, funding and post-purchase adjustments in the second chapter. Chapter C2-1, Mandatory and Best Efforts Commitments to Sell Whole Loans Introduction As noted in this chapter, when a lender enters into a mandatory commitment to sell whole loans to Fannie Mae, the lender agrees to deliver a specified dollar amount of loans, within certain tolerances, to Fannie Mae by a specified future date. Fannie Mae agrees to purchase those loans at an agreed-upon price. With a best efforts commitment, the lender agrees to deliver a specific loan to Fannie Mae by a specified date if that loan closes. Published May 6, 2026 944 The first section in this chapter provides the details associated with obtaining and fulfilling mandatory commitments to sell whole loans; the second section addresses best efforts commitments; and the third section describes the use of Servicing Marketplace in selling whole loans to Fannie Mae. Section C2-1.1, Mandatory Commitments to Sell Whole Loans

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