Non conforming mortgage
Definition
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.
Related Terms Other terms related to 'Non conforming mortgage' starting with the letter 'N' Non Permanent resident alien, No asset loan, Nichification, Nominal interest rate, No change scenario Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 