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Mortgage Lending > Abbrevitions > Flashcards

Abbrevitions Flashcards

1
Q

CFR

A

Code of Federal Regulations

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2
Q

FNMA

A

Fannie Mae

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3
Q

RESPA

A

Real Estate Settlement Procedures Act

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4
Q

CFPB

A

Consumer Financial Protection Bureau

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5
Q

FDIC & definition

A

Federal Deposit Insurance Corporation - insures up to $250,000 for each depositor for most member commercial banks.

Examining and supervising financial institutions for safety, soundness, and consumer protection; and managing receiverships.

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6
Q

FHLMC

A

Freddie Mac

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7
Q

GSE & definition

A

Government sponsored Enterprise - entities established by congress to improve the efficiency of markets and to enhance the fore of credit to targeted sectors of the economy.

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8
Q

OCC

A

The office of comptroller of currency - regulate national banks.

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9
Q

FFIEC

A

Federal Financial institutions examination council - regulator of overall economy.

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10
Q

FHFA

A

Federal housing finance Agency

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Mortgage Lending (3 decks)

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