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Mortgage Professor about freddie mac guidelines: | |||||||||||||||||||||||
Why Won't My Mortgage Refinance Go Through?
May 19, 2003 "I filled out all the forms to refinance my loan, paid the $350 lock-in fee, provided all the documents they asked for...But it is now 4 months and still it hasn't closed...Periodically I call the person in charge of my refinancing, and he says he will get back ... more... Difficult For Self-Employed to Qualify For a Mortgage? January 4, 1999 "I am self-employed and want to purchase a house. When I went to a mortgage broker for a loan, he wouldn't give me the time of day! I can't believe that the system doesn't work for people like me." It does work for people like you, but it is ... more... |
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freddie mac guidelines 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... Freddie Mac Freddie Mac Federal Home Loan Mortgage Corporation (FHLMC) also called "Freddie Mac" - a quasi-governmental, federally sponsored organization that acts as a secondary market investor to buy and sell mortgage loans. FHLMC sets many of the guidelines for conventional ... more... |
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More about freddie mac guidelines The Beginner's Guide to Freelance Writing Banking on Good Banks: Guidelines to Help You Choose the Right Bank for You Mortgage 101-Rental History Do You Have a Plan? Purchase Order Financing Overview Writing For Dollars -- A Freelancer's Guide Look at Me [completion of Chapter Two] Let Your Lender Help You Save Your Home! Types of Mortgage Loans The Basics Behind on Your Home Mortgage Payment? Work with Your Lender!
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