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noun
low-doc loan
noun
conventional mortgage loan
noun
(US,
finance)
A
fixed-
or
adjustable-rate,
fully
amortized
loan
secured
by
a
mortgage
or
deed
of
trust
that
is
not
insured
or
guaranteed
by
an
agency
of
the
federal
government
(such
as
FHA
or
VA).
(Source:
Office
of
Thrift
Supervision
https://web.archive.org/web/20060618191009/http://www.ots.treas.gov/glossary/gloss-c.html)
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