Fannie Mae Selling Guide C3-5-05 — Commingling ARMs in MBS

fnma-sel-c3-5-05

Fannie Mae Selling Guide C3-5-05 — Commingling ARMs in MBS.

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Verbatim provisions from Fannie Mae Selling Guide C3-5-05 — Commingling ARMs in MBS — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Selling Guide C3-5-05 — Commingling ARMs in MBS

Effective 2016-02-23 · publisher's stamp for this provision

C3-5-05, Commingling ARMs in MBS (02/23/2016) Introduction This topic provides information on commingling ARMs, including: ARM Loan Types Lenders May Commingle in the Same Pool ARM Loan Types Lenders May Not Commingle in the Same Pool ARM Loan Types Lenders May Commingle in the Same Pool ARMs originated under the same ARM plan may have original terms up to 30 years and may be commingled in the same ARM pool. ARM Loan Types Lenders May Not Commingle in the Same Pool ARMs originated under different ARM plans cannot be commingled in the same pool. In certain cases, however, lenders may be permitted to pool seasoned ARMs in ARM plans with shorter initial fixed-rate periods. Interested lenders should contact their Fannie Mae customer account team to determine what flexibility may be available for a specific situation. ARMs originated under a single ARM plan, but with different post-conversion disposition options (market rate option or take-out option) cannot be included in the same pool.

Source: Fannie Mae Selling Guide C3-5-05 — Commingling ARMs in MBS · source URL · snapshot 2897f21e1e729b42

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Source of record: https://claudeforcompliance.com/regs/fnma-sel-c3-5-05/ · register fnma-sel-c3-5-05 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.