Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
freddie mac guidelines related definitions |
|||||||||||||||||||||||
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... |
|||||||||||||||||||||||
More about freddie mac guidelines L.S. Mac's Treasures Dental and Medical Collection Legal Guidelines I Can't Pay My Loan - Student Guidelines for Recovery How To Buy a Home With Bad Credit 10 Important Tips to Successful Real Estate Investing Different Types of Bad Credit Real Estate Investing 101 Understanding the Different Types of Lenders Stop Wasting Money When You Fill Your Car Up With Gas Part 1 Finding an Auto Loan with Bad Credit How to Lower the Cost of Your Car Insurance
|
|
||||||||||||||||||||||
|