Conforming Mortgage Loans definition

Conforming Mortgage Loans means conventional Mortgage Loans that either comply with requirements for inclusion in credit support programs sponsored by FHLMC, ▇▇▇▇▇▇ ▇▇▇ or GNMA or are FHA or VA Loans, all of which are secured by first mortgages or deeds of trust on single-family (one to four units) residences.
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Conforming Mortgage Loans mean mortgage loans that qualify for purchase by FNMA and FHLMC.
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Conforming Mortgage Loans means a conventional 1-to-4 family residential, 1st lien mortgages that fully conform to all underwriting and documentation requirements of FNMA, FHLMC, or FHA/VA.
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Examples of Conforming Mortgage Loans in a sentence

  • All Conforming Mortgage Loans will comply in all respects with all applicable requirements for purchase under the applicable FNMA or FHLMC selling contract for Mortgage Loans of such type and any supplement thereto then in effect.

  • Seller has entered into Interest Rate Protection Agreements with respect to the Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates acceptable to Buyer in its sole discretion.

  • Seller has entered into Interest Rate Protection Agreements with respect to the Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with its hedging policy.

  • The Buydown Amount shall be used by Buyer in order to calculate the Price Differential, which will accrue on the Purchase Price then outstanding minus the Buydown Amount, applied to Transactions involving Conforming Mortgage Loans.

  • The following sublimits shall be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The Aggregate Outstanding Purchase Price of Conforming Mortgage Loans (other than Aged Mortgage Loans) may be as much as one hundred percent (100%) of the Maximum Aggregate Commitment (the “Conforming Loan Sublimit”).

  • Seller has entered into Interest Rate Protection Agreements with respect to the Alt A Mortgage Loans, Jumbo Mortgage Loans and Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates acceptable to Buyer in its sole discretion.

  • Seller has entered into Interest Rate Protection Agreements with respect to the Conforming Mortgage Loans, having terms with respect to protection against fluctuations in interest rates consistent with its hedging policy which policy shall be acceptable to Buyer in its sole discretion.

  • The proceeds of all Facility 1 Tranche B Loans shall be used by the Borrowers solely for the purpose of originating, acquiring or financing Eligible Conforming Mortgage Loans and/or Eligible Non-Conforming Mortgage Loans.

  • The Mortgagor in respect of each Mortgage Loan is a natural person (other than intervivos or living trusts in connection with Conforming Mortgage Loans).

  • Conforming Mortgage Loans (other than Conforming High CLTV loans) Conforming High CLTV Loans [***] Confidential treatment has been requested for the bracketed portions.


More Definitions of Conforming Mortgage Loans

Conforming Mortgage Loans means Single-Family Mortgage Loans that either comply with requirements for inclusion in credit support programs sponsored by FHLMC or FNMA or are FHA or VA Loans.
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Conforming Mortgage Loans means Mortgage Loans which meet FNMA, FHLMC, or other generally accepted underwriting criteria for conforming loans, and which further meet such additional requirements as a Bank may impose from time to time.
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