TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

NONCONFORMING MORTGAGE [1 record]

Record 1 2013-09-10

English

Subject field(s)
  • Real Estate
  • Property Law (civil law)
  • Property Law (common law)
DEF

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.

Key term(s)
  • nonconforming mortgage
  • non conforming mortgage

French

Domaine(s)
  • Immobilier
  • Droit des biens et de la propriété (droit civil)
  • Droit des biens et de la propriété (common law)
CONT

Une hypothèque non conforme est tout prêt qui ne respecte pas les normes Fannie Mae et Freddie Mac.

Spanish

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