source:
  type: guide
  id: fnma-svc-c-2.1-01
  authority: Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan Servicing
  description: Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan
    Servicing.
  coverage_tier: operative
obligations:
- id: fnma-svc-c-2.1-01-full
  canonical_id: fnma-svc-c-2.1-01-full
  section: Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan Servicing
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide C-2.1-01 — Responsibilities for ARM Loan
      Servicing
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 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. Recent Related Announcements There are no recently issued Announcements
      related to this topic.
  judgment: false
