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F-3-22, Acronyms and Glossary of Defined Terms: V (11/12/2014)

VA

U.S. Department of Veterans Affairs

variance

A negotiated agreement for the delivery of certain special mortgage loan products or other mortgage loans that were originated or are serviced with terms that are at variance with standard Fannie Mae eligibility, underwriting, or other origination or servicing criteria or requirements.

voluntary conveyance

See Mortgage Release (deed-in-lieu of foreclosure). 

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