Original Issue Settlement
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
The standard settlement option for a newly originated MBS, which results in the mortgage-backed security being assigned directly to Fannie Mae when the pools are delivered, and subsequently being delivered to the trading desk (which will wire the funds to pay for the security to the lender on the settlement date).
Fannie Mae Glossary of Terms
Fannie Mae · pp. 35–38
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