Loan- Acronyms And Facts Flashcards by Mark Fowler

DSR

Debt Servicing Ratio

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LTV

Loan to Value

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LTC

Loan to Cost

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TCA

Total Cash Available for Debts

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TCR

Total Cash Required to Service Debts

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Residual Income

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ATR

Ability to Repay

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PFIA

Personal Financial Information Analysis

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PMI

Private Mortgage Insurance

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RESPA

Real Estate Settlement Procedures Act

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FICO

Fair Isaac Corporation

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FIRREA

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

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HMDA

Home Mortgage Disclosure Act

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FIRM

Fixed Interest Rate Mortgage

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ARM

Adjustable Rate Mortgage

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PITI

Principal, Interest, Taxes, and Insurance

CARMELS

C - capital
A - asset
R - refinance rate
M - management
E - earnings
L - liabilities
S - stress test

CAL

Centralized Accounts and Loans

AUE

Automated Underwriting Engine

FCRA

Fair Credit Reporting Act

FACT

Fair and Accurate Credit Transactions

LMI

Low to Moderate Income

PDPL

Past Due and Problem Loans

FCRA

Fair Credit Reporting Act

FACT

Fair and Accurate Credit Transactions

PDPL

Past Due Problem Loan

CFPB

Consumer Financial Protection Bureau

PCR

Property Condition Report

LFC

Loan File Checklist

CMT

Constant Maturities Treasury Yields

PDPL

Past Due and Problem Loans

Coming Due