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15.12 Closing Disclosure
The final disclosure provided by Client pursuant to Section 8.23 of this Guide.

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15.13 Commission
The United States Securities and Exchange Commission.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-12-Commission

15.14 Compare Ratios
The percentage of a Client’s default rate on its loans, compared to the local market area and to the national market, as calculated by the Federal Housing Administration (FHA).

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-13-Compare-Ratios

15.15 Confidential Information
Any confidential or proprietary information, including, but not limited to:
  • Information, whether reduced to writing or not, disclosed by a party or the party’s agents, contractors, representatives and/or affiliates relating to such...
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Resources > FAQ > CHAPTER-15-GLOSSARY > 14-14-Confidential-Information

15.16 Conforming Loan
A residential Loan that conforms to Fannie Mae, Freddie Mac or private investor guidelines with an original loan term not exceeding 360 months.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-15-Conforming-Loan