Amount of Security Monthly Remittance

The Security SecurityMBS, PFP MBS, or REMIC. monthly remittance is the total of the Security Interest Distribution and Security Principal Distribution Amounts.  For each month, the Security SecurityMBS, PFP MBS, or REMIC. monthly remittance must include the scheduled principal payment due on the first day of that month plus a full month's interest (calculated at the Security SecurityMBS, PFP MBS, or REMIC. Pass-Through Rate Pass-Through RateMortgage Loan Gross Note Rate minus: for MBS Mortgage Loans, the Guaranty Fee, minus the Servicing Fee; and for Cash Mortgage Loans, the Servicing Fee. ) due in arrears for the previous month.  It also may include unscheduled prepayments of principal.

The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. is required to pass through to Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! in each Security SecurityMBS, PFP MBS, or REMIC. monthly remittance, the full scheduled amounts of P&I P&IPrincipal and interest , regardless of whether such amounts actually have been collected from the Borrower BorrowerPerson who is the obligor per the Note. .  A full month's interest (calculated at the Security SecurityMBS, PFP MBS, or REMIC. Pass-Through Rate Pass-Through RateMortgage Loan Gross Note Rate minus: for MBS Mortgage Loans, the Guaranty Fee, minus the Servicing Fee; and for Cash Mortgage Loans, the Servicing Fee. ) must be included in each Security SecurityMBS, PFP MBS, or REMIC. monthly remittance, regardless of whether there has been any partial or full prepayment during the month.