# Cash Window

> Cash Window recycles lender capital and standardizes loans for investors beyond the local transaction

| Field | Value |
|---|---|
| Stable ID | `node:kiduna:real-estate-mortgage:secondary-market:cash-window` |
| Family | Secondary Mortgage Market |
| Domain | Economics |
| Era | Agentic Age |
| Kind | relic-or-ritual |
| Archetype | The Transfer |
| Claim layers | empirical, cultural_historical, synthesis, interpretive, symbolic_divinatory |

## What it is

Cash Window is a relic or ritual in the Secondary Mortgage Market family, defined here by the function it performs in the property system rather than by label alone.

## What it actually does

Cash Window recycles lender capital and standardizes loans for investors beyond the local transaction.

## 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, certainty, control, value, continuity
- **Inputs:** place, people, records, rules, resources, time
- **Outputs:** rights, constraints, uses, relationships, consequences
- **Dependencies:** Land, Authority, Information, Capital, Time

## Archetypal reading

- **Essence:** Cash Window recycles lender capital and standardizes loans for investors beyond the local transaction
- **Gift:** Clarity about cash window makes a hidden allocation of place, time, authority, value, or risk available for deliberate choice.
- **Wound / Shadow:** When cash window 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 cash window is stale, opaque, mispriced, misrecorded, overextended, or applied outside the conditions that made it useful.

## Lenses

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

## Divination

The Transfer enters the reading through Cash Window. 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 changes when Cash Window becomes the unit of analysis?

**Guidance:** Shift scale, clock, stakeholder, boundary, and claim layer before choosing a move.

## Game function

Creates a graph move that changes the active map. Initiative 2.

## Relationships

- **Deed in Lieu is evidenced by Cash Window.** Deed in Lieu is evidenced by Cash Window through a change in rights, information, cash flow, priority, timing, or physical use.
- **Loan Sale documents Cash Window.** Loan Sale documents Cash Window through a change in rights, information, cash flow, priority, timing, or physical use.
- **Cash Window transfers into Swap Transaction.** Cash Window transfers into Swap Transaction through a change in rights, information, cash flow, priority, timing, or physical use.
- **Cash Window is administered through Waterfall.** Cash Window is administered through Waterfall through a change in rights, information, cash flow, priority, timing, or physical use.

## Oppositions

- Local Knowledge versus Algorithm
- Liquidity versus Rootedness

## Historical lineage and regulatory context

Read Cash Window through the lineage of Secondary Mortgage Market: 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 Cash Window: one dominant symbolic mechanism with a restrained secondary counterforce; 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

- [About Fannie Mae & Freddie Mac](https://www.fhfa.gov/about/fannie-mae-freddie-mac) — Federal Housing Finance Agency; GSE liquidity, stability, affordability, MBS.
- [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.
- [Ginnie Mae MBS Guide](https://www.ginniemae.gov/issuers/program_guidelines/Pages/mbs_guide.aspx) — Ginnie Mae; pooling, issuance, custody, servicing, investor reporting.
