Credit enhancement under which Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! makes principal and interest payments directly to the Bond TrusteeBond TrusteeTrustee for a Credit Enhancement Instrument. (for payment to bondholders) regardless of whether the BorrowerBorrowerPerson who is the obligor per the Note. has reimbursed Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! for such payments.