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Jumbo mortgage — In the United States, a jumbo mortgage is a mortgage with a loan amount above the industry standard definition of conventional conforming loan limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac.… … Wikipedia
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
Super jumbo mortgage — A Super Jumbo Mortgage is classified as a residential mortgage or other home equity secured loan in an amount greater than $650,000, although lenders differ on just what constitutes a super jumbo mortgage subject to their own internal investment… … Wikipedia
Graduated payment mortgage loan — A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young men and women who cannot afford large… … Wikipedia
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
Jumbo (disambiguation) — Jumbo was a famous 19th century circus elephant, and jumbo is now an adjective for big or huge .Jumbo may also refer to: *Jumbo, Zimbabwe, a village *Jumbo (British band), UK band merged with the Tremeloes *Jumbo (band), a Mexican rock band… … Wikipedia
jumbo loan — A mortgage loan that s too large to be guaranteed by the Federal Housing Administration and which usually comes with a higher interest rate as a result. Compare: conforming loan Category: Personal Finance & Retirement Category: Real Estate &… … Law dictionary
Jumbo Loan — A mortgage with a loan amount exceeding the conforming loan limits set by the Office of Federal Housing Enterprise Oversight (OFHEO), and therefore, not eligible to be purchased, guaranteed or securitized by Fannie Mae or Freddie Mac. OFHEO sets… … Investment dictionary
Jumbo loan — Loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or securitization by the federal agencies. The New York Times Financial Glossary * * * jumbo loan UK US noun [C] (also jumbo mortgage) FINANCE,… … Financial and business terms
jumbo loan — loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or securitization by the federal agencies. Bloomberg Financial Dictionary * * * jumbo loan UK US noun [C] (also jumbo mortgage) FINANCE, PROPERTY ►… … Financial and business terms
