FNMA Selling Guide A2-2-01 — Representations and Warranties Overview

fnma-sel-a2-2-01

FNMA Selling Guide A2-2-01 sets the foundational framework for representations and warranties [LENDER] makes to Fannie Mae when selling loans or delivering pools for MBS — the rep/warranty persistence beyond sale and beyond MSSC termination, the independence of each warranty, the limited "lender knowledge" carveouts for warranties 10/11/17 of MSSC Section IV.A, and the public-record deemed-knowledge rule. Fills the FNMA-Selling-Guide library gap; foundational for any post-sale repurchase / indemnification analysis.

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Verbatim regulatory text (3)

Verbatim provisions from FNMA Selling Guide A2-2-01 — Representations and Warranties Overview — 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.

FNMA Selling Guide A2-2-01 — Selling reps & warranties made at delivery; survive sale + MSSC termination

All selling representations and warranties are made to Fannie Mae as of the date a lender transfers mortgage loans to Fannie Mae and continue and survive:

Source: FNMA Selling Guide A2-2-01 — Representations and Warranties Overview · source URL · snapshot 5f7b8b79da595d76

FNMA Selling Guide A2-2-01 — Each warranty independent

makes each representation and warranty set forth in the Lender Contract separately and independently from every other warranty it makes for a specific mortgage.

Source: FNMA Selling Guide A2-2-01 — Representations and Warranties Overview · source URL · snapshot 5f7b8b79da595d76

FNMA Selling Guide A2-2-01 — Warranties not limited to lender knowledge (with limited exceptions)

Representations and warranties are not limited to matters of which the lender had knowledge, except for the warranties numbered 10, 11, and 17 of Section IV, A: Specific Warranties, of the MSSC, which are violated only if the lender had knowledge of the untruth or, acting as a prudent lender, should have known about it through the exercise of due diligence.

Source: FNMA Selling Guide A2-2-01 — Representations and Warranties Overview · source URL · snapshot 5f7b8b79da595d76

Operationalizing FNMA Selling Guide A2-2-01 — Representations and Warranties Overview

This is verbatim, source-snapshotted regulator text from the Claude for Compliance open corpus. To turn a rule like this into compliance work product: gap-analyze your policies and procedures (P&Ps) against these requirements to surface stale, conflicting, or missing provisions; operationalize any change with a ready-to-run update kit; and produce audit-ready evidence — every step grounded only in the regulator’s own words, never invented.

To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.

Source of record: https://claudeforcompliance.com/regs/fnma-sel-a2-2-01/ · register fnma-sel-a2-2-01 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.