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15.17 Controller
The entity named in the MERS eRegistry as the entity which has control of the Authoritative Copy of the eNote.

Resources > FAQ > CHAPTER-15-GLOSSARY > 15-17-Controller

15.18 Conventional Loan
A residential Loan, other than an FHA Loan, VA Loan, or USDA Loan, eligible for purchase by Fannie Mae, Freddie Mac, or a private investor, with a loan term not exceeding 360 months.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-16-Conventional-Loan

15.19 Correspondent
An approved mortgage that the Client, as a correspondent, has entered into an agreement to sell to PHH.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-17-Correspondent

15.20 Covenants
Rules and restrictions governing the use of property.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-18-Covenants

15.21 CPM™
    Fannie Mae's Condo Project Manager ™.
 

Resources > FAQ > CHAPTER-15-GLOSSARY > 15-21-CPM™