Difference between revisions of "Identify Conforming Mortgage"
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== Definition == | == Definition == | ||
| − | '''Identify Conforming Mortgage'''. Identify mortgage conforming to overall requirements for this issuer. | + | '''Identify Conforming Mortgage'''. Identify a mortgage conforming to overall requirements for this issuer. |
This does not relate to the criteria for belonging to an individual, defined mortgage pool but conforms to the requirements of the issuing organization overall. This is for Agency pools. For non-agency, the equivalent of this step is carried out at pool level with a clause to reject the mortgage. | This does not relate to the criteria for belonging to an individual, defined mortgage pool but conforms to the requirements of the issuing organization overall. This is for Agency pools. For non-agency, the equivalent of this step is carried out at pool level with a clause to reject the mortgage. | ||
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[[Category:Agency MBS Issuance]] | [[Category:Agency MBS Issuance]] | ||
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Latest revision as of 13:25, 16 May 2024
Definition
Identify Conforming Mortgage. Identify a mortgage conforming to overall requirements for this issuer.
This does not relate to the criteria for belonging to an individual, defined mortgage pool but conforms to the requirements of the issuing organization overall. This is for Agency pools. For non-agency, the equivalent of this step is carried out at pool level with a clause to reject the mortgage.
