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.”

Mentioned in ?
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.
BIR fast-tracks land transfer for socialized housing projects
M2 EQUITYBITES-July 11, 2016-BancorpSouth expands home-buying opportunities with Right@Home mortgage program
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
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.
First Guaranty Mortgage grows third-party originator group, adds rural housing loans
Despite the royal decision to allocate budget to implement a mortgage program, Saudis remain pessimistic about the issue.
Mortgage alone can help citizens realize their dreams, say experts
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.
Gov't to discontinue preferential mortgage program
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.
HELPING HOUSE CSU TEACHERS MORTGAGE PROGRAM COULD AID RECRUITMENT AT CHANNEL ISLANDS CAMPUS
For example, twelve banks serving New York City have recently formed a coalition to administer an affordable mortgage program.
Statement by William L. Rutledge, Senior Vice President, Federal Reserve Bank of New York, before the Subcommittee on Consumer Credit and Insurance and the Subcommittee on General Oversight, Investigations, and the Resolution of Failed Financial Institutions of the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, August 10, 1993
Some uniformity may result, however, from the recent Federal Housing Administration (FHA) announcement of a tenfold expansion of its reverse mortgage program.
Tapping the equity of older homeowners with reverse mortgages
These loans, which were approved late last month, are being granted under SHFC's Community Mortgage Program (CMP) and High Density Housing Program (HDH).
Gov't loans to help provide homes for informal settlers

Financial browser ?
Full browser ?