Frequently Asked Questions (FAQs) related Fannie Mae's project review methods and policies for determining project eligibility
for mortgages secured by units in condo, co-op, and planned unit development (PUD) projects.
The current Multifamily Loan Document forms permit the conversion of any ARM Loan or SARM Loan to a fixed rate Mortgage Loan
according to terms of the Loan Documents. This information assists Lenders in managing a Borrower’s conversion request, but
does not replace the terms and conditions outlined in the Loan Documents, the Multifamily Selling and Servicing Guide (Multifamily
Guide), or the Multifamily Underwriting Standards (Form 4660).
Frequently Asked Questions (FAQs) related to appraiser independence requirements (AIR). The AIR were developed by Fannie Mae,
the Federal Housing Finance Agency (FHFA), Freddie Mac, and key industry participants to replace the Home Valuation Code of