Non-Conforming Mortgage


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Non-Conforming Mortgage

A mortgage that does not meet the purchase requirements of the two federal agencies, Fannie Mae and Freddie Mac, because it is too large or for other reasons, such as poor credit or inadequate documentation.

References in periodicals archive ?
The researchers estimate differences in interest rates and mortgage origination volumes in the conforming and non-conforming mortgage markets (including both "jumbo" mortgages that exceed conforming loan limits and other non-conforming loans that have over 80 percent LTV ratios) during Federal Reserve market interventions from 2008 through 2014.
3m backed by UK non-conforming mortgages, Dow Jones has reported, citing two people familiar with the situation.
31% of people with non-conforming mortgages were now in arrears, up from 22.
Leeds University Business School's Professor Kevin Keasey analysed the figures and said one in three people taking out non-conforming mortgages found their credit rating improved.
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