Acronyms

Question 1

CFPB

Answer 1

Consumer Financial Protection Bureau

Question 2

RESPA

Answer 2

Real Estate Settlement Procedures Act

Question 3

MLO

Answer 3

Mortgage Loan Originator

Question 4

FCRA

Answer 4

Fair Credit Reporting Act

Question 5

FACTA

Answer 5

Fair and Accurate Credit Transactions Act

Question 6

SAFE

Answer 6

Secure and Fair Enforcement for Mortgage Licensing Act

Question 7

TILA

Answer 7

Truth In Lending Act

Question 8

TIP

Answer 8

Total Interest Percentage

Question 9

ECOA

Answer 9

Equal Credit Opportunity Act

Question 10

HMDA

Answer 10

Home Mortgage Disclosure Act

Question 11

FACT

Answer 11

Fair and Accurate Credit Transactions

Question 12

GLB

Answer 12

Gramm Leach Bliley

Question 13

HOEPA

Answer 13

Home Ownership and Equity Protection Act

Question 14

AfBA/ABA

Answer 14

Affiliated Business Arangment

Question 15

HPA

Answer 15

Homeowners Protection Act

Question 16

PMI

Answer 16

Private Mortgage Insurance

Question 17

MDIA

Answer 17

Mortgage Disclosure Improvement Act

Question 18

HERA

Answer 18

Housing and Economic Recovery Act

Question 19

FNMA

Answer 19

Federal National Mortgage Association

Question 20

FHLMC

Answer 20

Federal Home Loan Mortgage Corp

Question 21

NMLS

Answer 21

Nationwide Mortgage Licensing System & Registry

Question 22

CSBS

Answer 22

Conference of State Bank Supervisors

Question 23

AARMR

Answer 23

American Association of Residential Mortgage Regulators

Question 24

CHARM

Answer 24

Consumer Handbook on Adjustable Rate Mortgages

Question 25

MDIA

Answer 25

Mortgage Disclosure Improvement Act

Question 26

TRID

Answer 26

Tila-Respa Integrated Disclosure

Question 27

CCPA

Answer 27

Consumer Credit Protection Act

Question 28

CRA

Answer 28

Community Reinvestment Act

Question 29

FHFA

Answer 29

Federal Housing Finance Agency

Question 30

YSP

Answer 30

Yield Spread Premium

Question 31

URAR

Answer 31

Uniform Residential Appraisal Report

Question 32

CRV

Answer 32

Certificate of reasonable value Used to determine value of a home for a VA loan in lieu of an appraisal

Question 33

LIBOR

Answer 33

London Inter Bank Offering Rate

Question 34

MARS

Answer 34

Mortgage Assistant Relief Services Rule

Question 35

SRP

Answer 35

Service Released Premium

Question 36

FmHA

Answer 36

Farmers Home Administration

Question 37

MIP

Answer 37

Mortgage Insurance Premium

Question 38

UFMIP

Answer 38

Up Front Mortgage Insurance Premium