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ARM Structure
Fannie Mae Adjustable-Rate Mortgage (ARM) MBS features the following:
- Cash flows to the investor are generally passed through in 25 days.
- The Fannie Mae ARM MBS pass-through rate is reset in response to the interest rate changes on the mortgages in the pool.
- Guaranty of principal and interest: Fannie Mae guarantees timely payment of both principal and interest for all Fannie Mae ARM MBS.
- Variety of products: Fannie Mae offers a variety of adjustable-rate products. These products can be combined to create larger pools with unique investment characteristics.
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