Custodial Account
Fannie Mae
Updated 10-31-2026
Custodial Account
A bank account that a lender must establish to hold the funds of others—the borrower and Fannie Mae—as opposed to any account established to hold the lender's corporate funds.
Fannie Mae Glossary of Terms
Fannie Mae · p. 10
FreddieMac
Updated 10-31-2026
Custodial Account
A Custodial Account is a Demand Deposit Account or Interest-Bearing Deposit Account established and maintained by a Servicer at an Eligible Depository, into which Principal and Interest Payments, Escrow Funds and other monies due to Freddie Mac or held on behalf of Freddie Mac Mortgages are deposited. The types of Custodial Accounts are: Principal and Interest Custodial Accounts Principal and Interest Disbursement Clearing Custodial Accounts Escrow Custodial Accounts Buydown Custodial Accounts
FreddieMac Glossary
FreddieMac · p. 11
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