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Mortgage Professor about non conforming loan: | |||||||||||||||||||||||
What Do Fannie Mae and Freddie Mac Do?
March 10, 2003 "What are Fannie Mae and Freddie Mac, and what do they do?" Fannie Mae and Freddie Mac are "government-sponsored enterprises" (GSEs). This means that they are privately owned, but receive support from the Federal Government, and assume some public ... more... 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... |
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non conforming loan 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... Conventional Loan Conventional loan Conventional mortgage - a mortgage not insured by FHA or guaranteed by the VA. A convention loan may be conforming or non-conforming. ... more... |
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More about non conforming loan See What a Best Secured Loan Means to You How Loan Decisions Are Made UK Loans Guide - Channelising Your Rising Budget in a Productive Mmanner Bad Debt Loans - Ensures that Debts no Longer Trouble Bad Credit Borrowers Bad Debt Loans Ensures that Debts no Longer Trouble Bad Credit Borrowers Bad Credit Loans: Be Careful! Student Loan Consolidation Rates - Helpful Tips Guide to Secured Loans Why Choose a Secured Personal Loan? A Look at the Advantages of Secured Loan
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