Non qualified mortgage loan

    • [DOCX File]Home | First Guaranty Mortgage Corporation

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      Qualified Mortgage (QM) Good Faith Estimate (GFE) Discrepancies in the loan file. ... Non-discrimination policies. Borrower requests, complaints, and escalated cases. ... – Completeness and accuracy of the information obtained for each mortgage for all aspects of the Loan administration process for which the QC sample is selected. All ...

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    • [DOCX File]QUALITY CONTROL PLAN CHECKLIST FOR LOAN …

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      Indicate if the licensee originates or funds any non-Qualified Mortgage (QM) loans. Descriptions and underwriting parameters for each type of mortgage loan originated or funded during the examination period (QM, Non-QM, Non-traditional, HECM, Proprietary Reverse, …

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    • [DOCX File]Loan Participation Requirements

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      The First Place Program offer DPA in the form of a loan secured by a Second Mortgage to certain qualified Mortgagors (“Second Mortgage”). The First Place Program offers DPA to certain qualified Mortgagors not to exceed six percent (6%) of the lower of the purchase price or the appraised value.

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    • [DOCX File]MMC Origination Information Request 010818

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      A mortgage that can be taken over ("assumed") by a buyer when a home is sold - This type can either be a qualified or a non-qualified assumption. Borrower. A mortgagor who receives funds in the form of a loan with the obligation of repaying the loan in full with interest. Cap

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    • [DOC File]Glossary of Terms

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      As an example, an FCB or FLCA could not purchase from a non-System lender a participation interest in a short- or intermediate-term loan that a PCA could make directly to an eligible borrower.11 Similarly, a PCA could not directly purchase a participation interest in a long-term mortgage loan from a non …

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    • Non Qualified Mortgage Loans | Non-QM Programs and Guidelines

      Loan Program: _____ The Non-Qualified Mortgage (Non-QM) program provides fixed and adjustable rate mortgage options for borrowers seeking financing with features that are outside the Qualified Mortgage (see Dodd-Frank/CFPB for standards) requirements.

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