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 ?
500 million soms were allocated under the state mortgage program and the government eyes decreasing the mortgage interest rates to 6%.
The city on Monday said $3 million in Community Development Block Grant funds will be available for the Soft Second Mortgage Program, effective immediately.
Patrick was involved in a variety of initiatives where he developed strategies to mitigate risk while building the mortgage program, which purchased mortgage loans in secondary markets; he also advised banks on liquidity strategies.
(NHMFC) plans to implement a guarantee model for its reverse home mortgage program in a bid to lure more senior citizen borrowers.
The Wells Fargo mortgage program is part of the Union Privilege program, and approximately 1,600 AFT members have opted for these mortgages annually.
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.
26 September 2016 - US-based wholesale lender United Wholesale Mortgage has signed on as the first partner of the KickStart Independent Mortgage Program, an initiative co-launched by UWM and US trade association the National Association of Mortgage Brokers to spur more loan originators to open their own independent mortgage broker shops, the company said.
The mortgage program, designed for 25 notary trainees, discussed the mortgage business and its implementation mechanisms, and conditions and how the disintegration of mortgages happen.
THE ABA HAS ENDORSED, through its Corporation for American Banking subsidiary, Reverse Mortgage Funding LLC's reverse mortgage program including its full offering of FHA-insured Home Equity Conversion Mortgage (HECM) products.
2, the department's Maryland Mortgage Program listed 71 participating lenders that offer financial assistance to make down payments or pay closing costs.
When the members reach the target amount of money for land acquisition and housing finances, members will be channeled to the national government's Community Mortgage Program (CMP) of the Social Housing Finance Corporation (SHFC).
Such projects will include leasing, mortgage program, financing of banks and micro-finance companies, the Prime Minister said.

Full browser ?