Trades with Multifamily Trading Desk - Original Issue Settlement
If the transaction is a trade with the Multifamily Trading DeskMultifamily Trading DeskTeam that quotes interest rate pricing for a Mortgage Loan and can be contacted at (888) 889-1118. , the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. must select “CSTD” from the “Special Delivery Instructions” dropdown to trigger “Original Issue Settlement” funding. Fannie Mae will match the MBSMBSMortgage-Backed Security to the trade and wire the funds directly to the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. , and the MBSMBSMortgage-Backed Security will be assigned directly to Fannie Mae on 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. .