Fannie Mae's Rights

Requirements

Fannie Mae has a security interest in all 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. Custodial AccountsCustodial AccountsAccounts established by the Servicer for depositing P&I payments, T&I funds, Collateral Agreement deposits, and other similar funds. and may require you to:

• transfer funds from an institution (even if it is an Eligible Depository) into another Eligible Depository;
• move funds to a trust account;
• ensure funds are fully insured with the FDICFDICFederal Deposit Insurance Corporation , NCUSIFNCUSIFNational Credit Union Share Insurance Fund administered by the National Credit Union Administration. , or other acceptable governmental insurer or guarantor;
• remit more frequently while allowing funds to remain in the existing Custodial AccountCustodial AccountAccounts established by the Servicer for depositing P&I payments, T&I funds, Collateral Agreement deposits, and other similar funds. ; and
• take other actions based on risks, account size, and other factors.