Other Conforming Mortgage Loan means a Mortgage Loan, which is secured by a first lien, such Mortgage Loan either (a) conforms to the requirements of an Agency for securitization or cash purchase or (b) is eligible to be insured by FHA, guaranteed by VA or guaranteed by RD (excluding any Mortgage Loan which exceeds Agency guidelines for maximum general conventional loan amount) but does not otherwise meet all of the requirements of a Conforming Mortgage Loan as set forth herein.
Other Conforming Mortgage Loan means a Mortgage Loan, which is secured by a first lien, or with respect to a State Bond Loan a first lien and all related subordinated liens, (subject to Permitted Encumbrances), such Mortgage Loan (a) conforms to the requirements of an Agency for securitization or cash purchase, (b) is eligible to be insured by FHA, guaranteed by VA or guaranteed by RD (excluding any Mortgage Loan which exceeds Agency guidelines for maximum general conventional loan amount) or (c) conforms to the requirements of the qualifying local or state governmental homeownership program administered by a Housing Finance Agency (as defined under 24 CFR 266.5), but in the case of (a)-(c) does not otherwise meet all of the requirements of a Conforming Mortgage Loan or State Bond Loan as set forth herein.
Other Conforming Mortgage Loan in their entirety and replacing them with the following:
More Definitions of Other Conforming Mortgage Loan
Other Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of Fxxxxx Mxx or Fxxxxxx Mac for purchase or insurance of Mortgage Loans that are (a) not Agency Eligible Escrow Mortgage Loans or Manufactured Home Loans, (b) underwritten in accordance with the Underwriting Guidelines, and (c) designated by the Seller or Underlying Repurchase Counterparty for sale to an Approved Investor other than an Agency.
Other Conforming Mortgage Loan means a Mortgage Loan, other than a HARP Mortgage Loan, which is secured by a first lien, and such Mortgage Loan either (a) conforms to the requirements of an Agency for securitization or cash purchase or (b) is eligible to be insured by FHA, guaranteed by VA or guaranteed by RD (excluding any Mortgage Loan which exceeds Agency guidelines for maximum general conventional loan amount) but does not otherwise meet all of the requirements of a Conforming Mortgage Loan as set forth herein and is not a HECM Loan.