Unit 15: Government Involvement in Real Estate Financing Flashcards

1
Q

blanket loan

A
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2
Q

buydown

A
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3
Q

certificate of reasonable value (CRV)

A
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4
Q

Community Reinvestment Act of 1977 (CRA)

A
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5
Q

construction loan

A
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6
Q

conventional loan

A
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7
Q

Equal Credit Opportunity Act (ECOA)

A
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8
Q

Fannie Mae

A
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9
Q

Farmer Mac

A
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10
Q

Federal Deposit Insurance Corporation (FDIC)

A
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11
Q

Federal Reserve System (FED)

A
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12
Q

FHA-insured loan

A
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13
Q

Freddie Mac

A
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14
Q

Ginnie Mae

A
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15
Q

government-sponsored enterprises (GSE’s)

A
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16
Q

home equity loan

A
17
Q

mortgage insurance premium (MIP)

A
18
Q

Office of the Comptroller of the Currency (OCC)

A
19
Q

open-end loan

A
20
Q

package loan

A
21
Q

primary mortgage market

A
22
Q

private mortgage insurance (PMI)

A
23
Q

Real Estate Settlement Procedures Act (RESPA)

A
24
Q

Regulation Z

A
25
Q

sale-and-leaseback

A
26
Q

secondary mortgage market

A
27
Q

triggering terms

A
28
Q

Truth in Lending Act (TILA)

A
29
Q

VA-guaranteed loan

A
30
Q

wraparound loan

A