Conforming Loan definition

Conforming Loan means (i) a Mortgage Loan that complies with all applicable requirements for purchase under a Xxxxxx Xxx, Xxxxxxx Mac or other similar Governmental Authority standard form of conventional mortgage loan purchase contract, then in effect, or (ii) an FHA Loan or a VA Loan, that, in either case, is a First Lien Mortgage Loan.

Conforming Loan means a Mortgage Loan (other than a VA Loan, an FHA Loan or a State Loan) that is underwritten in conformity with FHLMC or FNMA underwriting standards and is otherwise eligible for purchase by FNMA or FHLMC.

Conforming Loan means a Mortgage Loan which conforms to the Guidelines as such guidelines have been modified by Xxxxxxx Mac, Xxxxxx Xxx, any FHLB, and Xxxxxx Mae with respect to a Mortgage Loan originated or purchased by a GMAC Originator.

Examples of Conforming Loan in a sentence

• Federal Housing Finance Agency, History of Conforming Loan Limits, http://www.fhfa.gov/webfiles/860/ loanlimitshistory07.pdf.

• Desktop valuations will be limited to the maximum 2020 Freddie Mac Conforming Loan Limit for a one-unit limit for the county or county-equivalent area.

• Oversight, 2007 Conforming Loan Limit To Remain at $417,000, at 1 (Nov.

• FHFA, Conforming Loan Limit (online at http://www.fhfa.gov/Default.aspx?Page=185).on their MBS in exchange for the payment of a guarantee fee.14 Alternatively, the Enterprises may hold these loans or purchase MBS for their own investment portfolios.

• The telephone number for the Telecommunications Device for the Deaf is: (800) 877–8339 (TDD Only).SUPPLEMENTARY INFORMATION: OFHEO’sExamination Guidance on Conforming Loan Limit Calculations is posted on the Internet at http://www.ofheo.gov.

More Definitions of Conforming Loan

Conforming Loan means a residential mortgage loan that conforms to the Agency underwriting guidelines and meets the funding criteria of Fannie Mae and Freddie Mac.

Conforming Loan means a Mortgage Loan which (a) receives one of the following responses from Xxxxxx Xxx Desktop Underwriter: (i) Approve/Eligible, (ii) Approve/Ineligible, (iii) Refer/Eligible, or (iv) EA-I,-II,-III/Eligible, or (b) receives one of the following responses from Xxxxxxx Mac Loan Prospector: (i) Accept/Accept, or (ii) A-Minus. Mortgage Loans receiving a “Refer/Eligible” response must be accompanied by the Investor’s approval to the exception. Mortgage Loans receiving approval under the “Expanded Approval” (“EA”) criteria or “A-Minus” criteria are permitted only if the Borrower provides the Administrative Agent with a copy of the Xxxxxx Xxx or Xxxxxxx Mac contract that allows delivery by the Borrower for this loan type. Mortgage Loans receiving an “Approve/Ineligible” response are permitted only if the Borrower represents and warrants to the Administrative Agent that the Borrower possesses an agency waiver with respect to such Mortgage Loan, thereby making such Mortgage Loan agency eligible.

Conforming Loan means a Loan secured by a Conforming Conventional Mortgage.

Conforming Loan means a Project Loan that satisfies the requirements set forth in the Credit Manual.

Conforming Loan means a Loan which conforms to Agency Guidelines.

Conforming Loan means a Loan secured by a Conforming Mortgage or Government Mortgage, and which may be a “Stated Income/Stated Asset Loan” or “Option ARM Loan”.

Conforming Loan means a Mortgage Loan underwritten in conformity with the underwriting standards of FNMA or FHLMC in effect at the time of such underwriting and that is otherwise eligible for inclusion in a pool of Mortgage Loans supporting FNMA or FHLMC Mortgage-Backed Securities or for sale at the FNMA or FHLMC cash window.