source:
  type: regulation
  id: fnma-svc-f-1
  authority: "FNMA Servicing Guide F-1 — Servicing Guide Procedures"
  description: 'Servicing Guide Chapter F-1 collects the operational procedures referenced throughout the Guide.

    '
obligations:
- id: fnma-svc-f-1-arm-correction-procedures
  canonical_id: fnma-svc-f-1-arm-correction-procedures
  section: "FNMA Servicing Guide F-1-01 — Servicing ARM Loans"
  description: 'When reviewing adjustments made for ARM loans serviced for Fannie Mae,

    [LENDER] must follow all of Fannie Mae''s procedures in accordance with

    C-2.2-01, Identifying and Disclosing Adjustment Errors, regardless of

    whether the review is undertaken as a result of a full audit, a routine

    spot-check of its ARM adjustments, or an inquiry from a third party.

    '
  type: do
  audit_question: For every ARM-adjustment review on a Fannie Mae ARM loan, can [LENDER] evidence adherence to all C-2.2-01 procedures, regardless of whether the review was a full audit, a routine spot-check, or a third-party inquiry?
  workflow_phase: servicing
  owner_role: default_servicing_analyst
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - arm-adjustment-error
  - procedures
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide F-1-01
    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: When reviewing adjustments made for ARM loans it services for Fannie Mae, the servicer must follow all of
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter F-1) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:14+00:00'
  promoted_from: fnma-svc-f-1-roundb-v1.yaml
  program_review: Does the program ensure ARM-adjustment reviews follow all C-2.2-01 procedures (identifying and disclosing adjustment errors), regardless of whether triggered by a full audit, routine spot-check, or third-party inquiry?
  file_review: For ARM-adjustment reviews, confirm adherence to C-2.2-01 across the full-audit, spot-check, and inquiry triggers.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:25:14+00:00'
  candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-f-1-roundb-v1.yaml
  candidates_promoted: 1
  candidates_skipped_existing: 0
