ARM Pools to be Made Available Through Whole Loan Conduit Program

January 24, 2019

In order to provide further liquidity to the secondary mortgage market, Fannie Mae has improved its operational processes, enabling the Whole Loan Conduit (WLC) to securitize Adjustable-Rate Mortgage (ARM) loans purchased from lenders who are eligible to sell to the WLC. Beginning in 2019, we will conduct bids wanted in competition (BWICs) for WLC ARM pools, similar to our monthly specified pool auctions. In addition to BWICs, we will also consider reverse inquiries for WLC ARM pools from investors, subject to collateral availability. As with WLC pools today, ARM pools will be identifiable by the "CA" pool number series.

We are purchasing/securitizing loans with the following types of ARM products:

3/1 Libor 2/2/5 ARM Sub Type P9B
5/1 Libor 2/2/5 ARM Sub Type P9C
5/1 Libor 5/2/5 ARM Sub Type P92
7/1 Libor 5/2/5 ARM Sub Type P9D
10/1 Libor 5/2/5 ARM Sub Type P9E

Requirements for our ARM loans can be found in our Fannie Mae Arm Eligibility Matrix.

For questions, please contact Fannie Mae's Investor Help Line at 1-800-232-6643 or by email.