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Bank > Loan- Acronyms And Facts > Flashcards

Loan- Acronyms And Facts Flashcards

1
Q

DSR

A

Debt Servicing Ratio

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2
Q

LTV

A

Loan to Value

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3
Q

LTC

A

Loan to Cost

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4
Q

TCA

A

Total Cash Available for Debts

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5
Q

TCR

A

Total Cash Required to Service Debts

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6
Q

RI

A

Residual Income

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7
Q

ATR

A

Ability to Repay

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8
Q

PFIA

A

Personal Financial Information Analysis

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9
Q

PMI

A

Private Mortgage Insurance

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10
Q

RESPA

A

Real Estate Settlement Procedures Act

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11
Q

FICO

A

Fair Isaac Corporation

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12
Q

FIRREA

A

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

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13
Q

HMDA

A

Home Mortgage Disclosure Act

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14
Q

FIRM

A

Fixed Interest Rate Mortgage

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15
Q

ARM

A

Adjustable Rate Mortgage

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16
Q

PITI

A

Principal, Interest, Taxes, and Insurance

17
Q

CARMELS

A 
C - capital
A - asset
R - refinance rate
M - management
E - earnings
L - liabilities
S - stress test
18
Q

CAL

A

Centralized Accounts and Loans

19
Q

AUE

A

Automated Underwriting Engine

20
Q

FCRA

A

Fair Credit Reporting Act

21
Q

FACT

A

Fair and Accurate Credit Transactions

22
Q

LMI

A

Low to Moderate Income

23
Q

PDPL

A

Past Due and Problem Loans

24
Q

FCRA

A

Fair Credit Reporting Act

25
Q

FACT

A

Fair and Accurate Credit Transactions

26
Q

PDPL

A

Past Due Problem Loan

27
Q

CFPB

A

Consumer Financial Protection Bureau

28
Q

PCR

A

Property Condition Report

29
Q

LFC

A

Loan File Checklist

30
Q

CMT

A

Constant Maturities Treasury Yields

31
Q

PDPL

A

Past Due and Problem Loans

32
Q

CD

A

Coming Due

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