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  • Fannie Mae Form 496 And 496a

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Nd other funds belonging to a borrower) for mortgages held in Fannie Mae's portfolio and for MBS pool mortgages. Servicers must maintain individual cashbooks for each MBS pool. Related Link Instructions: https://www.fanniemae.com/content/job aid/completing-taxes-insurance-custodial-account-analysis-form-496a.pdf Instructions Page.

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How to fill out the Fannie Mae Form 496 And 496a online

Filling out the Fannie Mae Form 496 and its accompanying Form 496a online is an essential process for servicers managing escrow funds. This guide provides clear, step-by-step instructions to assist you in accurately completing these forms with confidence.

Follow the steps to complete Fannie Mae Form 496 And 496a online.

  1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editor.
  2. Begin by reviewing the header section on Form 496. It usually contains identifying information such as the servicer's name and the report date. Ensure that this information is accurate and up to date.
  3. Next, navigate to the main body of Form 496. This section requires you to input data related to the T&I custodial accounts. Carefully fill in the required fields with the corresponding amounts from the cashbook.
  4. Now, turn your attention to Form 496a. This form supports the analysis by providing detailed monthly account reconciling information. Ensure that you accurately represent the cash balance and reconcile discrepancies.
  5. Once you have filled out both forms, thoroughly review all entries for accuracy. Confirm that each section is complete and correctly reflects the necessary figures.
  6. Finally, you will have the option to save your changes, download the forms for your records, print the completed documents, or share them as needed. Make sure to keep a copy for future reference.

Start completing your Fannie Mae forms online today for an efficient and organized process.

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Related content

Fannie Mae - SEC.gov
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The account custodian can withdraw money to cover certain expenses for the child. Custodial accounts legally cannot be used to pay for daily living expenses that the parents would normally pay for. However, there are some expenses, for the benefit of the child, for which the money can be used.

Custodial accounts have enormous flexibility. There are no income or contribution limits, and no requirements to make regular distributions at any point. Also, there are no withdrawal penalties.

Fannie Mae is a leading source of mortgage financing in the United States. We don't originate mortgage loans or lend money directly to borrowers. Instead, we purchase mortgage loans made by lenders, who are then able to use those funds to offer mortgage loans to more people.

A Custodial Account is a Demand Deposit Account or Interest-Bearing Deposit Account the Servicer must establish and maintain at an Eligible Depository for the safekeeping of funds associated with Freddie Mac-owned Mortgages.

The Federal National Mortgage Association (FNMA), better known as Fannie Mae, is a government-sponsored enterprise (GSE) founded in 1938 by Congress during the Great Depression.

With a UTMA, you can also include assets such as real estate, jewelry, and art. Custodial accounts can be savings or investment accounts and are usually held at a bank, brokerage, or other financial institution.

The servicer must maintain separate P&I custodial accounts for each remittance type for Fannie Mae mortgage loans under which the servicer reports. The servicer, at its discretion, is authorized to maintain multiple P&I custodial accounts per remittance type.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232