Acronym Guide Flashcards by Robert Rainey

Q

AFBA

A

Affiliate Business Arrangement Disclosure

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Q

ALTA

A

American Land Title Association

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Q

APR

A

Annual Percentage Rate

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Q

ARM

A

Adjustable Rate Mortgage

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Q

CD

A

Closing Disclosure

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Q

CFPB

A

Consumer Financial Protection Bureau

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Q

CHARM

A

Consumer Handbook on Adjustable Rate Mortgages

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Q

CLTV

A

Combined Loan to Value Ratio

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Q

COFI

A

11th District Cost of Funds Index

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Q

CRV

A

Certificate of Reasonable Value

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Q

DU

A

Desktop Underwriter

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Q

ECOA

A

Equal Credit Opportunity Act (Reg B)

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Q

FACT

A

Fair and Accurate Credit Transaction Act

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Q

FCRA

A

Fair Credit Reporting Act (Reg V)

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Q

FEMA

A

Federal Emergency Management Agency

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Q

FHA

A

Federal Housing Adminstration

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Q

FHLMC

A

Federal Home Loan Mortgage Corporation

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Q

FNMA

A

Federal National Mortgage Association

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Q

FTC

A

Federal Trade Commision

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Q

GFE

A

Good Faith Estimate

Q

GLBA

A

Gram-Leach-Biley Act

Q

GNMA

A

Government National Mortgage

Q

GSE

A

Government-Sponsored Enterprise

Q

HELOC

A

Home Equity Line of Credit

HER

Housing Expense Ratio

HERA

Housing & Economic Recovery Act

HMDA

Home Mortgage Disclosure Act

HOEPA

Home Ownership and Equity Protection Act

HPA

Homeowners Protection Act

HUD

U.S. Department of Housing and Urban Development

LIBOR

London Interbank Offering Rate

LP

Loan Processor

LTV

Loan to Value

MDIA

Mortgage Disclosure Improvement Act

MIP

Mortgage Insurance Premium

MTA

12-Month Treasury Average Index

NMLS&R

National Mortgage Licensing System & Registry

PITI

Principle, Interest, Taxes and Insurance

PMI

Private Mortgage Insurance

POC

Paid Outside Closing

RESPA

Real Estate Settlement and Procedures Act (Reg X)

SAFE Act

Secure and Fair Enforcement for Mortgage Licensing Act

SRP

Service Release Premium

TILA

Truth in Lending Act

TOR

Total Obligations Ratio (Backend Ratio)

TRID

TILA and RESPA Integrated Disclosures

USDA

U.S. Department of Agriculture

VA/DVA

Veterans Administration/U.S. Department of Veterans Affairs

VOE

Verification of Employment