Definition of "nonconforming" []

• That does not conform, either to the rules of an established church, or to official regulations (adjective)

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• "-- Converting jumbo to non-jumbo: Another consequence of the financial crisis has been to increase the price difference between standard conforming loans that can be purchased by Fannie Mae and Freddie Mac, which cannot exceed $417,000, and loans that exceed that amount, called nonconforming jumbos."
• "Investors are balking at buying securities backed by so-called nonconforming loans."
• "Most jumbo mortgages, also known as nonconforming mortgages, require at least 20 percent down and a credit score of 720 or more."