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Mortgage Licensing > Acronyms > Flashcards

Acronyms Flashcards

1
Q

CFPB

A

Consumer Financial Protection Bureau

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2
Q

RESPA

A

Real Estate Settlement Procedures Act

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3
Q

MLO

A

Mortgage Loan Originator

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4
Q

FCRA

A

Fair Credit Reporting Act

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5
Q

FACTA

A

Fair and Accurate Credit Transactions Act

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6
Q

SAFE

A

Secure and Fair Enforcement for Mortgage Licensing Act

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7
Q

TILA

A

Truth In Lending Act

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8
Q

TIP

A

Total Interest Percentage

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9
Q

ECOA

A

Equal Credit Opportunity Act

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10
Q

HMDA

A

Home Mortgage Disclosure Act

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11
Q

FACT

A

Fair and Accurate Credit Transactions

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12
Q

GLB

A

Gramm Leach Bliley

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13
Q

HOEPA

A

Home Ownership and Equity Protection Act

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14
Q

AfBA/ABA

A

Affiliated Business Arangment

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15
Q

HPA

A

Homeowners Protection Act

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16
Q

PMI

A

Private Mortgage Insurance

17
Q

MDIA

A

Mortgage Disclosure Improvement Act

18
Q

HERA

A

Housing and Economic Recovery Act

19
Q

FNMA

A

Federal National Mortgage Association

20
Q

FHLMC

A

Federal Home Loan Mortgage Corp

21
Q

NMLS

A

Nationwide Mortgage Licensing System & Registry

22
Q

CSBS

A

Conference of State Bank Supervisors

23
Q

AARMR

A

American Association of Residential Mortgage Regulators

24
Q

CHARM

A

Consumer Handbook on Adjustable Rate Mortgages

25
Q

MDIA

A

Mortgage Disclosure Improvement Act

26
Q

TRID

A

Tila-Respa Integrated Disclosure

27
Q

CCPA

A

Consumer Credit Protection Act

28
Q

CRA

A

Community Reinvestment Act

29
Q

FHFA

A

Federal Housing Finance Agency

30
Q

YSP

A

Yield Spread Premium

31
Q

URAR

A

Uniform Residential Appraisal Report

32
Q

CRV

A

Certificate of reasonable value

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

33
Q

LIBOR

A

London Inter Bank Offering Rate

34
Q

MARS

A

Mortgage Assistant Relief Services Rule

35
Q

SRP

A

Service Released Premium

36
Q

FmHA

A

Farmers Home Administration

37
Q

MIP

A

Mortgage Insurance Premium

38
Q

UFMIP

A

Up Front Mortgage Insurance Premium

Mortgage Licensing (4 decks)

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