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REAL 2100 Terms

Terms in this set (40)

HOA
Homeowners Association
MUD
municipal utility district
FTC
Federal Trade Commission
FHLMC
Federal Home Loan Mortgage Corporation (Freddie Mac)
FNMA
Federal National Mortgage Association (Fannie Mae)
LLC
limited liability company
PC
Participation Certificate
CRA
Community Reinvestment Act
MBS
mortgage backed securities
PMI
Private Mortgage Insurance
CRV
Certificate of Reasonable Value
CLO
Collateral Loan Obligation
ARM
Adjustable Rate Mortgage
MLP
master limited partnership
APR
Annual Percentage Rate
WAM
Walking Around Money
CONV
Conventional loan
UFMIP
Up Front Mortgage Insurance Premium
MIP
Mortgage Insurance Premium
TREC
Texas Real Estate Commission
LLP
limited liability partnership
PITI
Principal, Interest, Taxes, Insurance
IO
Interest Only
GNMA
Government National Mortgage Association (Ginnie Mae)
FmHA
Farmers Home Administration
L/V
Loan to value ratio
RAM
Reverse annuity mortgage
PLAM
Price Level Adjusted Mortgage
VA
Veterans Administration
HUD
Housing and Urban Development
CMBS
Commercial Mortgage Backed Securities
RESPA
Real Estate Settlement Procedures Act
FHA
Federal Housing Administration
FEMA
Federal Emergency Management Agency
TAR
Texas Association of Realtors
PUD
Planned Unit Development
SAM
shared appreciation mortgage.
CD
Closing Disclosure
FDIC
Federal Deposit Insurance Corporation
GPM
graduated payment mortgage
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