FNMA Servicing Guide C-3 — Remitting and Accounting

fnma-svc-c-3

Servicing Guide Chapter C-3 governs remittance of P&I and other funds to Fannie Mae per applicable remittance schedules.

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source:
  type: regulation
  id: fnma-svc-c-3
  authority: FNMA Servicing Guide C-3 — Remitting and Accounting
  description: |
    Servicing Guide Chapter C-3 governs remittance of P&I and other funds to Fannie Mae per applicable remittance schedules.
obligations:
  - id: fnma-svc-c-3-remit-funds-due-fannie-mae
    canonical_id: fnma-svc-c-3-remit-funds-due-fannie-mae
    section: FNMA Servicing Guide C-3-01 — Responsibilities Related to Remitting P&I Funds to Fannie Mae
    description: |
      [LENDER] 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. Failure to remit funds on or before the
      remittance due date may result in a compensatory fee.
    type: do
    audit_question: Can [LENDER] evidence remittance of all monthly amounts due to Fannie Mae (scheduled/actual P&I, guaranty fees, claim/sale/payoff proceeds, special remittances, other fees) on or before the remittance due date for each applicable remittance type and cycle?
    program_review: Does the program ensure all funds due Fannie Mae each month (scheduled/actual P&I, guaranty fees, claim/sale/payoff proceeds, special and other remittances) are remitted on or before the due date for each remittance type/cycle?
    file_review: Sample remittance cycles; confirm all amounts due were remitted on or before the remittance due date.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: per-remittance-cycle
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - remittance
      - compensatory-fee
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide C-3-01
      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: 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.
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter C-3) at 2026-05-22.
      quote_healed: true
    promoted_at: '2026-05-23T00:25:10+00:00'
    promoted_from: fnma-svc-c-3-roundb-v1.yaml
  - id: fnma-svc-c-3-mbs-scheduled-pi-remittance
    canonical_id: fnma-svc-c-3-mbs-scheduled-pi-remittance
    section: FNMA Servicing Guide C-3-01 — Remitting to Fannie Mae for Delinquent MBS Mortgage Loans
    description: |
      [LENDER] 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.
    type: do
    audit_question: For every scheduled/scheduled remittance-type MBS mortgage loan in [LENDER]'s Fannie Mae portfolio, can [LENDER] evidence remittance of scheduled P&I irrespective of whether the borrower's payment was actually collected?
    program_review: Does the program ensure scheduled P&I is remitted on scheduled/scheduled remittance-type MBS loans regardless of whether the borrower paid?
    file_review: For scheduled/scheduled MBS loans, confirm scheduled P&I was remitted even where the borrower's payment was not collected.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: default_servicing_analyst
    secondary_owner_role: compliance_officer
    cadence: per-remittance-cycle
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - remittance
      - mbs
      - scheduled-scheduled
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide C-3-01
      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: 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.
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter C-3) at 2026-05-22.
      quote_healed: true
    promoted_at: '2026-05-23T00:25:10+00:00'
    promoted_from: fnma-svc-c-3-roundb-v1.yaml
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  - promoted_at: '2026-05-23T00:25:10+00:00'
    candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-c-3-roundb-v1.yaml
    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from FNMA Servicing Guide C-3 — Remitting and Accounting — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FNMA Servicing Guide C-3-01 — Responsibilities Related to Remitting P&I Funds to Fannie Mae

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.

Source: FNMA Servicing Guide C-3-01 · source URL · snapshot cf63a82bbb4adfba

FNMA Servicing Guide C-3-01 — 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.

Source: FNMA Servicing Guide C-3-01 · source URL · snapshot cf63a82bbb4adfba

Did an assistant just answer a Fannie Mae question for you? Announcements change Guide topics, but the old wording keeps circulating. An assistant will hand you the prior version and name no date at all. This page is the operative text, with its effective date.

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Operationalizing FNMA Servicing Guide C-3 — Remitting and Accounting

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.

Source of record: https://claudeforcompliance.com/regs/fnma-svc-c-3/ · register fnma-svc-c-3 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.