Acronyms Flashcards
1
Q
FNMA
A
FannieMae 1938
2
Q
FHLMC
A
FreddieMac 1970
Federal Home Loan Mortgage Corporation
3
Q
GNMA
A
GinnieMae
No “MBS”
4
Q
CMT
A
Constant Maturity Treasure
Volatile
5
Q
COFI
A
11th District Cost of Funds Index
Most Stable
Best for option ARM
6
Q
LIBOR
A
London Interbank Offering Rate
=CMT
7
Q
CODI
A
Certificate of Deposit Index
Fast
8
Q
MTA
A
Monthly Treasury Average
Slowly
9
Q
COE
A
Certificate of Eligibility
10
Q
CRV
A
Certificate of Reasonable Value
11
Q
MPS
A
Minimun Property Standards
12
Q
MPR
A
Minimun Property Requirements
13
Q
HEL
A
Home Equity Loan
14
Q
HELOC
A
Home Equity Line of Credit
15
Q
VOE
A
Verification of Employment
