Fannie Mae Selling Guide C3-5-04: Pooling ARMs with a Conversion Option
This topic provides information on pooling ARMs with conversion options, including ARM Conversion Options Redelivering a Converted ARM that Originally Required Recourse or Credit Enhancement ARM Conversion Options If a borrower chooses to convert an adjustable-rate mortgage that includes an option to convert to a fixed-rate mortgage, the lender must …
Fannie Mae publishes the full text of this section: Fannie Mae Single Family Selling Guide on the Fannie Mae website. Zeitro Strata answers questions about it with the passage and page cited.
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.