Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Freddie Mac-Owned Converted Mortgage

FreddieMac

Updated 10-31-2026

Freddie Mac-Owned Converted Mortgage

A Convertible ARM that is owned by Freddie Mac and that was converted to a fixed interest rate after Freddie Mac purchased the Mortgage. See also Converted Mortgage. Convertible ARMs are not eligible for sale to Freddie Mac.

FreddieMac Glossary

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