Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan Servicing

fnma-svc-c-2-1-01

Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan Servicing.

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Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan Servicing

Effective 2014-11-12 · publisher's stamp for this provision

C-2.1-01, Responsibilities for ARM Loan Servicing (11/12/2014) The following table provides a list of the servicer’s responsibilities related to servicing ARM loans. ✓ The servicer must... Enforce each ARM loan according to the terms specifically described in its mortgage loan instrument. These may be modified or supplemented by any additional terms specified in a negotiated contract issued in connection with Fannie Mae’s purchase or securitization of the mortgage loan. Use its own funds to satisfy any shortage resulting from untimely interest rate or payment adjustments. Reimburse Fannie Mae if the servicer makes an error that causes the amount of negative amortization to exceed the maximum allowed and Fannie Mae is adversely affected by this breach of the mortgage loan terms.

Source: Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan Servicing · source URL · snapshot cf63a82bbb4adfba

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Source of record: https://claudeforcompliance.com/regs/fnma-svc-c-2-1-01/ · register fnma-svc-c-2-1-01 · 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.