Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

View All Selling Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

C2-2-04, Timing of Distribution of Whole Loan Purchase Proceeds (05/01/2019)

Introduction

This topic describes the timing of Fannie Mae’s funding of loans it purchases, including:


Timing of Distribution of Proceeds for Regularly Amortizing Mortgages

Fannie Mae will fund the purchase proceeds for whole loan deliveries of regularly amortizing mortgages provided the following procedure has already occurred:

  • lender has electronically submitted clean, error-free loan delivery data through Loan Delivery by 9:00 p.m. (Eastern time);

  • the document custodian has received a complete and accurate mortgage document submission package from a lender by first morning delivery the following day; and

  • the document custodian has certified the mortgage document submission package.


Impact of Late Submissions of Required Data and Documentation

If the required delivery data and documentation are not received by the applicable cutoff time, Fannie Mae will disburse the purchase proceeds on the business day following the date it receives these materials, assuming they are in order and the mortgage is eligible for purchase.


Early Funding Options

Fannie Mae offers approved lenders the ability to receive funding at earlier points in the process. For information on Fannie Mae’s Early Funding Options and Loan Delivery, the application lenders use to submit requests for early funding, see Fannie Mae’s website or contact the Capital Markets Pricing and Sales Desk (see E-1-03, List of Contacts).

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles

C2-2-01, General Requirements for Good Delivery of Whole Loans (08/07/2018)

IntroductionThis topic provides Fannie Mae’s requirements for good delivery of whole loans, including: Definition of Whole Loan Good Delivery ...

Read more

C2-2-02, Documentation Requirements for Whole Loan Deliveries (05/01/2019)

IntroductionThis topic describes the documentation requirements for whole loan deliveries, including: Required Documents for Whole Loans  Submission...

Read more

C2-2-03, General Information on Whole Loan Purchasing Policies (05/01/2019)

IntroductionThis topic includes information on the conditions under which Fannie Mae will fund the purchase of a loan delivered in fulfillment of a whole...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.