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

Seller-Owned Converted Mortgage

FreddieMac

Updated 10-31-2026

Seller-Owned Converted Mortgage

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

FreddieMac Glossary

FreddieMac · p. 39

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