Category: Finance

What Are Conventional Loans? – MORTGAGE INSURANCE FOR INDIVIDUALS

WHAT ARE CONVENTIONAL LOANS? Conventional mortgages are homebuyer loans not provided or guaranteed by the government. Banks and credit unions offer conventional mortgages. Conventional loans are non-government-backed mortgages. Traditional loans include both conforming and non-conforming loans. Conventional conforming mortgages are governed by Fannie Mae and Freddie Mac (Freddie Mac). Some lenders may allow for non-conforming…

Korean Banks Released From Liability for Crypto-Related Crime

South Korean banking institutions have reportedly demanded immunity from prosecution for crimes involving cryptocurrencies, such as money laundering. According to local media reports, banking regulators are currently working on legislation that will absolve Korean banks of duty when it comes to screening the crypto exchanges with which they do business. New Guidelines to Ensure South…

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