Non-conforming loan — A non conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit, the unorthodox nature of the use of funds, or… … Wikipedia
non-conforming — UK US (US ► FINANCE a non conforming loan does not meet official standards, especially because it is more than the borrower will be able to pay back: »Non conforming mortgages will become hard to obtain … Financial and business terms
Conforming loan — In the United States, a conforming loan is a mortgage loan that conforms to GSE guidelines.[1] In general, any loan which does not meet guidelines is a non conforming loan. A loan which does not meet guidelines specifically because the loan… … Wikipedia
Non-conforming mortgage — A non conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Federal Home Loan Mortgage Corporation (Fannie Mae and… … Wikipedia
Conforming Loan — A mortgage that is equal to or less than the dollar amount established by the conforming loan limit set by Fannie Mae and Freddie Mac s Federal regulator, The Office of Federal Housing Enterprise Oversight (OFHEO) and meets the funding criteria… … Investment dictionary
Hard money loan — A hard money loan is a specific type of asset based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional… … Wikipedia
Bridge loan — A bridge loan (also known in some applications as a swing loan) is a type of short term loan, typically taken out for a period of 2 weeks to 3 years [cite web| url=http://www.thisismoney.co.uk/help and advice/advice banks/article.html?in… … Wikipedia
Prime Conforming — A sector of mortgage lending made up of loans to borrowers who are considered to be of a high credit quality, and where the dollar amount of the mortgage is equal to or less than the conforming loan limits set by the Office of Federal Housing… … Investment dictionary
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
Freddie Mac — Infobox Company company name = Federal Home Loan Mortgage Corporation (Freddie Mac) company company type = Public (nyse|FRE) company slogan = We Make Home Possible foundation = 1970 location = McLean, Virginia key people = David M. Moffett (CEO)… … Wikipedia
Countrywide Financial — Infobox Company company name = Countrywide Financial Corp. company type = Subsidiary of Bank of America foundation = 1969 location = Calabasas, CA, USA revenue = profit$6,061,437,000 USD (2007) operating income = loss$1,310,274,000 USD (2007) net … Wikipedia
