Custodial documents are the legal documents pertaining to a mortgage loan that a document custodian takes into physical possession when Fannie Mae purchases or securitizes a mortgage loan.
See the Selling Guide for the following requirements:
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Selling Guide A3-3-04, Document Custodians for the requirements for document custodians
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Selling Guide A3-3-05, Custody of Mortgage Documents for the requirements for the custody of mortgage documents