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Glossary
A B C D E F G H
I J K L M N O P
Q R S T U V W
X Y Z
N Non-Conventional Mortgage A mortgage loan that does not conform to agency-established limits such as loan to value ratio, term, and other characteristics. Usually the regulatory limits are set by Fannie Mae, Freddie Mac and other government established guidelines. Note A formal document showing the existence of a debt and stating terms of repayment. |
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