How is a business day defined?

A day other than (1) a Saturday or Sunday, (2) a day on which the Federal Reserve Bank of New York (or other agent acting as Fannie Mae’s fiscal agent) is authorized or obligated by law or executive order to remain closed, or (3) a day on which the main offices of Fannie Mae in the District of Columbia are scheduled to be closed. In the Selling Guide, the word “day” without the modifier “business” refers to a calendar day.

See links below for more Glossary Terms:

E-3, Glossary of Fannie Mae Terms: A thru K

E-3, Glossary of Fannie Mae Terms: L thru Z