Mortgage Acronyms Flashcards
1
Q
FACT ACT
A
Fair and Accurate Credit Transactions Act
2
Q
SAFE Act
A
Secure and Fair Enforcement for Mortgage Licensing Act
3
Q
HER
A
Housing Expense Ratio (also known as front-end ratio)
4
Q
VOE
A
Verification of Employment
5
Q
ECOA
A
Equal Credit Opportunity Act (also known as Regulation B)
6
Q
GFE
A
Good-Faith Estimate
7
Q
LP
A
Loan Prospector
8
Q
GLBA
A
Gramm-Leach-Bliley Act
9
Q
HPA
A
Homeowners Protection Act
10
Q
LIBOR
A
London Interbank Offering Rate
11
Q
FTC
A
Federal Trade Commission
12
Q
USDA
A
U.S. Department of Agriculture
13
Q
FNMA
A
Federal National Mortgage Association ( also known as Fannie Mae)
14
Q
CD
A
Closing Disclosure
15
Q
CRV
A
Certificate of Reasonable Value
16
Q
SRP
A
Service Release Premium
17
Q
HERA
A
Housing & Economic Recovery Act
18
Q
MDIA
A
Mortgage Disclosure Improvement Act