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

Pair-Off

Fannie Mae

Updated 10-31-2026

Pair-Off

A process under which a lender that is unable to meet the terms of a mandatory delivery commitment either pays Fannie Mae a fee or, under certain circumstances for whole loan transactions, receives cash back from Fannie Mae, calculated against the unused portion of the commitment.

Fannie Mae Glossary of Terms

Fannie Mae · pp. 35–36

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