# Whole-Loan Sale

> Whole-Loan Sale funds and transfers loans between production and permanent capital

| Field | Value |
|---|---|
| Stable ID | `node:kiduna:real-estate-mortgage:whole-loan-warehouse:whole-loan-sale` |
| Family | Whole Loans, Warehouse & Correspondent |
| Domain | Economics |
| Era | Agentic Age |
| Kind | financial-instrument |
| Archetype | The Claim |
| Claim layers | empirical, cultural_historical, synthesis, interpretive, symbolic_divinatory |

## What it is

Whole-Loan Sale is a financial instrument in the Whole Loans, Warehouse & Correspondent family, defined here by the function it performs in the property system rather than by label alone.

## What it actually does

Whole-Loan Sale funds and transfers loans between production and permanent capital.

## Why it exists

It exists because place is unique and immovable while law, capital, information, and human lives must still coordinate around it across time.

## System mechanics

- **Who uses it:** owner, occupant, buyer, seller, lender, investor, steward, regulator
- **Incentives:** access to capital, yield, liquidity, risk allocation
- **Inputs:** capital, terms, collateral or cash flow, counterparties, risk assumptions
- **Outputs:** funding, cash-flow claims, obligations, risk allocation
- **Dependencies:** Land, Authority, Information, Capital, Time

## Archetypal reading

- **Essence:** Whole-Loan Sale funds and transfers loans between production and permanent capital
- **Gift:** Clarity about whole-loan sale makes a hidden allocation of place, time, authority, value, or risk available for deliberate choice.
- **Wound / Shadow:** When whole-loan sale is treated as neutral or inevitable, its costs can be shifted to people who hold less information, authority, liquidity, or mobility.
- **Failure mode:** The failure mode appears when whole-loan sale is stale, opaque, mispriced, misrecorded, overextended, or applied outside the conditions that made it useful.

## Lenses

- **Personal:** Notice where whole-loan sale appears as a structure in your own commitments: what is held, promised, priced, protected, excluded, or deferred?
- **Business:** Whole-Loan Sale reveals a handoff among information, authority, incentives, operating work, and capital. Make the owner of each handoff explicit.
- **Financial:** Whole-Loan Sale changes the timing, priority, comparability, liquidity, or distribution of cash flow and risk.
- **Property:** Whole-Loan Sale changes how a physical place can be used, valued, financed, transferred, occupied, maintained, or reclaimed.
- **Community:** Whole-Loan Sale can create benefits inside one parcel while exporting costs or opportunity to neighbors, institutions, or future residents.

## Divination

The Claim enters the reading through Whole-Loan Sale. The issue is not only what is visible; it is which map of ownership, time, risk, authority, or belonging currently governs the situation.

**Question:** What future is being pledged through Whole-Loan Sale, and who receives protection if conditions change?

**Guidance:** Separate access from cost, payment from principal, and temporary liquidity from permanent viability.

## Game function

Moves Capital now and creates a future Claim with explicit priority and failure consequences. Initiative 1.

## Relationships

- **To-Be-Announced Trade is evidenced by Whole-Loan Sale.** To-Be-Announced Trade is evidenced by Whole-Loan Sale through a change in rights, information, cash flow, priority, timing, or physical use.
- **Whole-Loan Sale is administered through Mortgage Loan Purchase Agreement.** Whole-Loan Sale is administered through Mortgage Loan Purchase Agreement through a change in rights, information, cash flow, priority, timing, or physical use.
- **Whole-Loan Sale is administered through Mortgage Servicing Right.** Whole-Loan Sale is administered through Mortgage Servicing Right through a change in rights, information, cash flow, priority, timing, or physical use.

## Oppositions

- Use Value versus Exchange Value
- Speed versus Diligence

## Historical lineage and regulatory context

Read Whole-Loan Sale through the lineage of Whole Loans, Warehouse & Correspondent: earlier customary or local arrangements became recorded, standardized, financed, regulated, digitized, or contested over time.

Rules vary by jurisdiction and transaction. Use the cited primary sources as starting points and verify current local law, program guides, contracts, and professional standards before operational use.

## Visual direction

Text-free rounded-square enamel artifact for Whole-Loan Sale: a luminous claim-line descending from a built form into layered earth and extending across a long brass timeline; vitreous midnight enamel, blackened steel, warm brass, copper accents, mortgage-paper cream, deep green, slate, and sky blue.

## Engine output / Sentinel handoff

The generative interpretation above is preserved as Engine Output. Sentinel factors: jurisdiction-specific rules, factual uncertainty. These factors request contextual review; they do not delete or silently rewrite the candidate.

## Research / provenance

- [Fannie Mae Selling Guide](https://singlefamily.fanniemae.com/media/document/pdf/selling-guide-february-4-2026) — Fannie Mae; loan eligibility, underwriting, appraisal, delivery.
- [Freddie Mac Single-Family Seller/Servicer Guide](https://guide.freddiemac.com/) — Freddie Mac; loan eligibility, Loan Product Advisor, servicing.
- [Risk Management Manual — Commercial Real Estate Lending](https://www.fdic.gov/risk-management-manual-examination-policies/commercial-real-estate-lending) — Federal Deposit Insurance Corporation; CRE underwriting and risk management.
