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 ...

Buying a new home is one of the most exciting events in your adult life, but it also comes with an entirely new set of vocabulary words to learn. It’s not uncommon to come across the terms conforming ...

LONDON (MarketWatch) -- Mortgage lender NovaStar Financial Inc. has agreed to buy $940 million of non-conforming mortgage loans, which it will include in an asset-backed securitization. In addition, ...

Jumbo loans are mortgages that exceed the limits set by the Federal Housing Finance Agency and thus can’t be purchased by Fannie Mae or Freddie Mac. In most parts of the country, a jumbo loan is a ...

The conforming loan limit is the maximum amount of money a homebuyer can borrow using a conventional mortgage that’s eligible for purchase by Fannie Mae and Freddie Mac. The Federal Housing Finance ...