Fannie Mae Selling Guide Chapter C2-2: Whole Loan Deliveries to and Purchasing by Fannie Mae
Whether selling whole loans to Fannie Mae under the terms of a mandatory, best efforts or converted ARM resale commitment, lenders receive the sale proceeds when they have made “good delivery.” This means that the mortgages delivered meet all of Fannie Mae’s underwriting and legal criteria and satisfy the terms …
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.