Entitlement to Default Interest

Between Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! and the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. , unless the Lender’s Contract Lender’s ContractProgram Documents per the Multifamily Selling and Servicing Agreement. expressly provides otherwise, so long as the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. is obligated to make or has made Delinquency Advances Delinquency AdvancesYour required advances for scheduled monthly Mortgage Loan principal and/or interest per your Lender Contract, or the Guide. as provided in  Part V, Chapter 2: Reporting and Remitting, Section 208.02A: Obligation to Make Delinquency Advances , the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. is entitled to retain 50 percent of the default interest collected from or on behalf of the Borrower BorrowerPerson who is the obligor per the Note. .  The other 50 percent of such default interest, to the extent collected from or on behalf of the Borrower BorrowerPerson who is the obligor per the Note. , is remitted to and retained by Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .  Notwithstanding anything in this Section 208.05 to the contrary, with respect to any Non-Performing Mortgage Loan Non-Performing Mortgage LoanMortgage Loan with an uncured default. with a Last Paid Installment Last Paid InstallmentDue date of the last payment received. prior to March 1, 2012, if the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. is obligated to make Delinquency Advances Delinquency AdvancesYour required advances for scheduled monthly Mortgage Loan principal and/or interest per your Lender Contract, or the Guide. then the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. is entitled to all default interest collected from or on behalf of the Borrower BorrowerPerson who is the obligor per the Note. with respect to such Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 .  If the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. is not obligated to make any Delinquency Advances Delinquency AdvancesYour required advances for scheduled monthly Mortgage Loan principal and/or interest per your Lender Contract, or the Guide. on a Non-Performing Mortgage Loan Non-Performing Mortgage LoanMortgage Loan with an uncured default. , all default interest shall be remitted to and retained by Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .  Without regard to whether the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. is making Delinquency Advances Delinquency AdvancesYour required advances for scheduled monthly Mortgage Loan principal and/or interest per your Lender Contract, or the Guide. , Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! is always entitled to the interest that accrues at the stated interest rate on the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 net of the Lender’s Lender’sPerson Fannie Mae approved to sell or service Mortgage Loans. Servicing Fee Servicing FeeFee a Servicer receives for collecting payments, managing operational procedures, and assuming your portion of credit risk for a Mortgage Loan, and which may be expressed as a percentage. .