Mortgage Program

Mortgage Program

A bundle of mortgage characteristics that lenders view as comprising a distinct category.

The characteristics used include whether it is an FRM, ARM, or Balloon, the term, the initial rate period or the index on an ARM, whether it is FHA-insured or VA-guaranteed, and if it is not FHA or VA whether it is “conforming” (eligible for purchase by Fannie Mae or Freddie Mac) or “non-conforming.”

References in periodicals archive ?
Specifically, the BIR order will 'effectively facilitate and expedite the processing and issuance of Certificate of Tax Exemption (CTE) and electronic Certificate Authorizing Registration (eCAR) for the transfer of raw lands to community/homeowners associations intended for socialized housing projects under the Community Mortgage Program of Republic Act (RA) No.
M2 EQUITYBITES-July 11, 2016-BancorpSouth expands home-buying opportunities with Right@Home mortgage program
BANKING AND CREDIT NEWS-July 11, 2016-BancorpSouth expands home-buying opportunities with Right@Home mortgage program
Teysons Corner, Virginia-based First Guaranty Mortgage Corporation (FGMC) announced it has added a new division that will focus on the federal government's rural housing mortgage program.
Despite the royal decision to allocate budget to implement a mortgage program, Saudis remain pessimistic about the issue.
Instead, they suggested the government switch the recipients of the mortgage program to the typhoon victims and lower-income householders, so as to alleviate the government's financial burden.
The mortgage program, together with construction of low-priced residential communities for CSUCI employees, is the ``double hitter'' that will make recruitment much easier, he said.
Some uniformity may result, however, from the recent Federal Housing Administration (FHA) announcement of a tenfold expansion of its reverse mortgage program.
NEW YORK -- Link to Fitch Ratings' Report: State Housing Finance Agencies: Single-Family Mortgage Program Rating Criteria
These loans, which were approved late last month, are being granted under SHFC's Community Mortgage Program (CMP) and High Density Housing Program (HDH).
In 2007, the bank introduced its Hometown Mortgage Program modeled after Fannie Mae's MyCommunity program.

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