### Question
How is the term type of mortgage product defined?


### Answer
The term **type of mortgage product** is defined in *12 U.S.C. § 4611* as the following:

> a classification of one or more mortgage products, as established by the Director, which have similar characteristics from each set of characteristics under the following subparagraphs:


(A) The property securing the mortgage is—


(i) a residential property consisting of 1 to 4 dwelling units

#### Citation:
  - *12 U.S.C. § 4611*
  - Heading: **CHAPTER 46-GOVERNMENT SPONSORED ENTERPRISES > SUBCHAPTER II-REQUIRED CAPITAL LEVELS FOR ENTERPRISES AND SPECIAL ENFORCEMENT POWERS**

