### Question
How is the term conventional mortgage defined?


### Answer
The term **conventional mortgage** is defined in *12 U.S.C. § 1451* as the following:

> a mortgage other than a mortgage as to which the Corporation has the benefit of any guaranty, insurance or other obligation by the United States or any of its agencies or instrumentalities

#### Citation:
  - *12 U.S.C. § 1451*
  - Heading: **CHAPTER 11A-FEDERAL HOME LOAN MORTGAGE CORPORATION**

