what is MBS non-comforming loan ? Thanks.作者: cv4cfa 时间: 2011-7-11 19:55
one that does not meet the requirements to be purchased by one of the quasi govt mortgage agencies作者: bdavi77962 时间: 2011-7-11 19:55
Generally it's because the borrower of the note is of poor credit aka subprime, it's a jumbo mortgage, or the mortgage is exotic. The GSEs do not purchase mortgages that fit one of the above criteria.
