Conversion to Fixed Rate
Certain ARM LoansARM LoansMortgage Loan with an interest rate that periodically adjusts based on an Index per the Note or Loan Documents. may be converted to fixed rate Mortgage LoansMortgage LoansMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. subject to the provisions of the Structured Transaction Loan DocumentsStructured Transaction Loan DocumentsDocumentation executed in connection with a Structured Transaction, including a Master Credit Facility or Bulk Delivery Agreement, an Interest Rate Hedge Agreement, and all other Loan Documents required by Fannie Mae., the Structured Transaction ApprovalStructured Transaction ApprovalApproval issued by Fannie Mae with respect to a Structured Transaction, as defined in Part IV B: Mortgage Loan Commitment, Delivery, and Purchase Procedures for Special Product Features and Executions, Section 301.02., and, for Structured ARM Loans, Part III, Chapter 12: Structured Adjustable Rate Mortgage (SARM) Loans. The request for the conversion must be submitted to Multifamily Structured Asset ManagementMultifamily Structured Asset ManagementTeam that can be contacted at [email protected].