Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.
Mortgage-backed security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.
First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.
Residential mortgage loan means any loan primarily for
First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.
Nontraditional mortgage product means any mortgage product other than a 30-year fixed rate mortgage.
Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).
Mortgage Policies has the meaning specified in Section 6.13(b)(ii).