TERMIUM Plus®

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FREDDIE MAC [3 records]

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

Save record 1

Record 2 2013-09-10

English

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

A conforming mortgage is one that the government-sponsored enterprises(GSEs) Fannie Mae and Freddie Mac are willing to buy, because it conforms to the dollar limits set by these two companies.

French

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

Caractéristiques du contrat de prêt viager hypothécaire. L’offre préalable de prêt notariée doit comporter des mentions obligatoires [...] avec notamment : la désignation exacte du bien pris en hypothèque conforme aux exigences de la publicité foncière [...]

Spanish

Save record 2

Record 3 2013-09-10

English

Subject field(s)
  • Loans
  • Real Estate
CONT

A conforming mortgage loan meets all the set out guidelines regarding mortgage loans. It should be contrasted with jumbo loans, which do not follow set out guidelines mostly due to stimulus legislation and other factors.

CONT

A conforming mortgage loan must also meet the underwriting standards of Freddie Mac and Fannie Mae. The standards include loan-to-value limits, minimum credit scores and debt-to-income guidelines.

French

Domaine(s)
  • Prêts et emprunts
  • Immobilier
CONT

Les différents types de prêts hypothécaires à taux fixes qui sont offerts comprennent prêt hypothécaire conforme, le prêt d'intérêt seulement et prêt Jumbo.

Spanish

Save record 3

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