Meaning Conforming mortgage
What does Conforming mortgage mean? Here you find 4 meanings of the word Conforming mortgage. You can also add a definition of Conforming mortgage yourself
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Conforming mortgageA loan eligible for purchase by the two major Federal agencies that buy mortgages, Fannie Mae and Freddie Mac. See What Do Fannie Mae and Freddie Mac Do
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Conforming mortgageA conforming mortgage meets the requirements to be eligible for purchase or securitization by one of the government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. These requirem [..]
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Conforming mortgageAccording to 12 USCS § 4502 (26), [Title 12. Banks and Banking; Chapter 46. Government Sponsored Enterprises] the term conforming mortgage means, “with respect to an enterprise, a conventional mortgag [..]
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Conforming mortgageA mortgage loan that meets the lending standards of Fannie Mae and Freddie Mac, the two major entities that buy mortgages on the secondary market, helping ensure that primary lenders having sufficient funding to make new home loans.
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