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15.77 Liquid Assets

Any assets to be readily converted into cash.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-56-Lock-Confirmation-Letter

15.78 Loan

One to four-unit first lien, residential mortgage loans including Conventional Loans, USDA Loans, FHA Loans, and VA Loans (including investor rights and servicing rights), which are subject to the Seller Agreement and meet all of the requirements...

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Resources > FAQ > CHAPTER-15-GLOSSARY > 14-57-Loan-File

15.79 Loan File

All documentation required for a loan as established by this Guide including, but not limited to, the original Mortgage Note, executed endorsement or assignment of the Mortgage Note from Client, the loan application (URLA), verification of...

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-59-Locked-Loan

15.80 Loan Prospector (LP)

Freddie Mac’s automated underwriting system, including any successor system.

Resources > FAQ > CHAPTER-15-GLOSSARY > 14-60-Mandatory-Commitment

15.81 Location
The entity named on the MERS eRegistry that stores and maintains the Authoritative Copy of the eNote either as Controller or as a designated document custodian on behalf of the Controller.

Resources > FAQ > CHAPTER-15-GLOSSARY > 15-77-Location