2 days What Are Nonconforming Loans? Benzinga

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A nonconforming loan does not adhere to Fannie Mae and Freddie Mac guidelines, preventing the lender from selling the mortgage to these entities and removing it from their books. You’ve dreamed of buying a home, but now a mortgage stands in your way. You’re one of thousands of borrowers who might need to consider a … Continued

The post What Are Nonconforming Loans? by Alison Plaut appeared first on Benzinga. Visit Benzinga to get more great content like this.