Non-conforming loans are mortgages that aren't eligible for sale to Fannie Mae and Freddie Mac, the two government-sponsored enterprises that back much of the U.S. mortgage market. Often, a mortgage ...
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Conforming loans are mortgages that meet the criteria set by the Federal Housing Finance Agency (FHFA). They're eligible to be purchased by government-sponsored enterprises (GSEs) Fannie Mae and ...
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