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Mortgage Professor about conforming loans: | |||||||||||||||||||||||
Fannie Mae Under the Gun
17 January 2005 The Accounting Scandal at Fannie Mae "The media has been full of stories recently about accounting scandals at Fannie Mae?Is this another Enron? What does it mean to John Q. Public?" It is an accounting scandal, and heads have rolled as a result, but it is not ... more... Questions About Lender Rate Sheets December 19, 2005 "What are rate sheets?" Rate sheets are tables of interest rates and points (henceforth "prices") prepared by a lender. The prices are those the lender is willing to accept at the time the sheet is distributed. "Who gets rate ... more... |
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conforming loans related definitions |
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Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more... Secondary Mortgage Market Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... |
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More about conforming loans A Personal Loan And Your Rights Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Jacksonville Florida Real Estate Mortgage Home Loans - Get the Best Rate Everytime Types of Loans Zero Down Payment Mortgage Can It Be Done? Know Your Mortgage Fees, and You'll Never Pay Too Much for Your Loan Cheap Loans Dirt Will Seem Costlier! Bad Credit Florida Mortgage Loans Cheapest Loans: When Cheap Loans are Not Good Enough A Look at Common Types of Loans
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