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

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

  • The representations and warranties set forth in Section 5.02 above are the sole and exclusive representations and warranties made by the Program Lender, its representatives, agents, officers, directors and other employees, with respect to this Agreement, any Pool Supplement, any Bank of America GATE Conforming Loan, any obligor, and the sale of any Bank of America GATE Conforming Loan to the Purchaser Trust hereunder or otherwise.

  • Full entitlement: • For Veterans with full entitlement, the maximum amount of guaranty entitlement is 25% of the loan amount regardless of the Freddie Mac Conforming Loan Limit (CLL).• The maximum amount of guaranty may not exceed 25% of the loan amount.

  • Thus, on the administrative record currently before the Court, Mr. Swiger is not clearly entitled to long-term disability benefits and remand is the appropriate remedy.6Because of its finding on the preexisting condition exclusion, Continental did not make a determination regarding these requirements.

  • 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.


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 which 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 Loan which conforms to Agency Guidelines.
Conforming Loan means a Project Loan that satisfies the requirements set forth in the Credit Manual.
Conforming Loan means a Mortgage Loan which is, or is eligible to be, a FHA Loan or a VA Loan, or which is a loan eligible to be sold to FNMA or FHLMC or any other Agency.
Conforming Loan. A residential mortgage loan that conforms to Xxxxxx Xxx or Xxxxxxx Mac guidelines.