Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae

fnma-svc-c-2-3-03

Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae.

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  authority: Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae
  description: Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae.
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      paragraph_quote: C-2.3-03, Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae (11/12/2014) If the borrower exercises the conversion option for an ARM that is in an MBS pool, the servicer must repurchase the mortgage loan from the pool in the month preceding the month the mortgage loan begins to accrue interest at the new ﬁxed rate. The servicer must have received all executed conversion documents before it repurchases the mortgage loan. After the servicer repurchases the converted mortgage loan from the MBS pool, it must determine whether it is able to redeliver the converted mortgage loan to Fannie Mae using the post-conversion disposition option speciﬁed at delivery. The servicer must follow the procedures in Repurchasing Converted MBS Mortgage Loans and Redelivering Published May 13, 2026 226 Them to Fannie Mae in F-1-01, Servicing ARM Loans for detailed instructions. Recent Related Announcements There are no recently issued Announcements related to this topic. Chapter C-3, Remitting and Accounting Introduction This chapter describes requirements related to remitting and accounting.

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae — 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-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae

C-2.3-03, Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae (11/12/2014) If the borrower exercises the conversion option for an ARM that is in an MBS pool, the servicer must repurchase the mortgage loan from the pool in the month preceding the month the mortgage loan begins to accrue interest at the new ﬁxed rate. The servicer must have received all executed conversion documents before it repurchases the mortgage loan. After the servicer repurchases the converted mortgage loan from the MBS pool, it must determine whether it is able to redeliver the converted mortgage loan to Fannie Mae using the post-conversion disposition option speciﬁed at delivery. The servicer must follow the procedures in Repurchasing Converted MBS Mortgage Loans and Redelivering Published May 13, 2026 226 Them to Fannie Mae in F-1-01, Servicing ARM Loans for detailed instructions. Recent Related Announcements There are no recently issued Announcements related to this topic. Chapter C-3, Remitting and Accounting Introduction This chapter describes requirements related to remitting and accounting.

Source: Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae · source URL · snapshot cf63a82bbb4adfba

Operationalizing Fannie Mae Servicing Guide C-2.3-03 — Repurchasing Converted MBS Mortgage Loans and Redelivering Them to Fannie Mae

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.

Source of record: https://claudeforcompliance.com/regs/fnma-svc-c-2-3-03/ · register fnma-svc-c-2-3-03 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.