Question: A non - conforming loan is one that falls outside Fannie Mae and Freddie Mac underwriting standards. does not use any underwriting standards. is originated

A non-conforming loan is one that
falls outside Fannie Mae and Freddie Mac underwriting standards.
does not use any underwriting standards.
is originated by a lender that is not federally insured.
has any term other than 30- years.

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