402.01A

Same Month Pooling

If the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. selects a Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. that is in the same month as the Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. , then Same Month PoolingSame Month PoolingDelivery option permitting Mortgage Loans to be pooled, and an MBS backed by the pool to be issued, in the same month as the Mortgage Loan Origination Date. is required. Specifically, Same Month PoolingSame Month PoolingDelivery option permitting Mortgage Loans to be pooled, and an MBS backed by the pool to be issued, in the same month as the Mortgage Loan Origination Date. is required if:

the Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. occurs on the first day of a month and the first payment date under the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. occurs on the first day of the following month, in which case the MBSMBSMortgage-Backed Security Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. and the MBSMBSMortgage-Backed Security Issue DateIssue DateFirst day of the month of issuance of a Security. will both occur in the same month as the Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. ; or
the Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. does not occur on the first day of a month but does occur in the same month as the MBSMBSMortgage-Backed Security Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. and the MBSMBSMortgage-Backed Security Issue DateIssue DateFirst day of the month of issuance of a Security. , and the first payment date under the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. occurs on the first day of the second month following the month in which the Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. occurs.

For example:

if a Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. has a Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. of November 1, the first payment date under the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. will be December 1, and if the MBSMBSMortgage-Backed Security Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. will be in November and the MBSMBSMortgage-Backed Security Issue DateIssue DateFirst day of the month of issuance of a Security. will be the first day of the month in which the Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. occurs, or November 1; and
if a Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. has a Mortgage Loan Origination DateMortgage Loan Origination DateDate the Lender funds a Mortgage Loan to the Borrower. of November 10, the first payment date under the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. will be January 1, and an MBSMBSMortgage-Backed Security with a Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. of November 20 would have an MBSMBSMortgage-Backed Security Issue DateIssue DateFirst day of the month of issuance of a Security. of November 1.

The Same Month PoolingSame Month PoolingDelivery option permitting Mortgage Loans to be pooled, and an MBS backed by the pool to be issued, in the same month as the Mortgage Loan Origination Date. option requires the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. to originate the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. early enough in the month to allow Fannie Mae to issue the MBSMBSMortgage-Backed Security within the same month. As described in Part IV A, Chapter 5: Delivery Procedures – Documents and Part IV A, Chapter 6: Purchase Procedures, the Delivery Date must occur at least 7 Business DaysBusiness DaysAny day other than a Saturday, Sunday, day on which Fannie Mae is closed, day on which the Federal Reserve Bank of New York is closed, or for any MBS and any required withdrawal for remittance thereunder, a day on which the Federal Reserve Bank is closed in the district where any… prior to (and not including) the scheduled Book-Entry DateBook-Entry DateCalendar date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution. .

See Part V, Chapter 2: Reporting and Remitting for reporting and remitting requirements relating to the first reporting cycle under the Same Month PoolingSame Month PoolingDelivery option permitting Mortgage Loans to be pooled, and an MBS backed by the pool to be issued, in the same month as the Mortgage Loan Origination Date. delivery option.