Delinquency Advance
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
An amount advanced by a lender in respect of interest or principal on one or more mortgage loans, as required by their servicing contract, even though the lender has not collected the actual funds from the related borrowers. A lender may reimburse itself for delinquency advances from subsequent collections in accordance with its servicing contract.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 10–13
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