Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans

fnma-svc-c-2-3-02

Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans.

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  authority: Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans
  description: Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans.
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      authority: Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans
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      paragraph_quote: C-2.3-02, Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans (11/12/2014) The servicer must provide information about an ARM loan conversion when it submits its monthly investor reporting system reports to Fannie Mae. The servicer must report this information in compliance with the reporting time frames provided in the Investor Reporting Manual. Fannie Mae may charge a compensatory fee to servicers who fail to report an ARM conversion in a timely manner. See also A1-4.2-01, Compensatory Fees Other Than Delays in the Liquidation Process. Recent Related Announcements There are no recently issued Announcements related to this topic.

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans — 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 Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans

C-2.3-02, Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans (11/12/2014) The servicer must provide information about an ARM loan conversion when it submits its monthly investor reporting system reports to Fannie Mae. The servicer must report this information in compliance with the reporting time frames provided in the Investor Reporting Manual. Fannie Mae may charge a compensatory fee to servicers who fail to report an ARM conversion in a timely manner. See also A1-4.2-01, Compensatory Fees Other Than Delays in the Liquidation Process. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Servicing Guide C-2.3-02 — Notifying Fannie Mae of Conversions for Portfolio Mortgage Loans · source URL · snapshot cf63a82bbb4adfba