Examples of Conventional Mortgage in a sentence
In the event that any payment due under any Conventional Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Servicer shall take such action as it shall deem to be in the best interest of the Certificateholders.
The following maximum original loan amounts apply to Conventional Mortgage Loans delivered under the MPF Xtra product.
Conventional Mortgage Loans and Government Mortgage Loans must be manually underwritten in accordance with the underwriting and eligibility guidelines of the Guides or applicable Government Agency.
Freddie Mac Conventional Mortgage Home Price Index: municipal statistical area (MSA) series data are available from the following site: http://www.freddiemac.com/finance/cmhpi/.
Conventional Mortgage: A Mortgage Loan other than an FHA-Insured Mortgage Loan or a Mortgage Loan with a VA Guaranty or a Rural Development Guaranty.