Acronyms and Abbreviations
ALTA
APR Annual Percentage Rate
ARM Adjustable Rate Mortgage
ARV After Repair Value
AUS Automated Underwriting System
BFS Business For Self
BK Bankruptcy
BPO Broker Price Opinion
CC&R's Covenants, Conditions and Restrictions
CLTV Combined Loan-To-Value
CMA Comparative Market Analysis
CO Certificate of Occupancy
DOT Deed of Trust
ECOA Equal Credit
FCRA Fair Credit Reporting Act
FDIC Federal Deposit Insurance Corporation
FHA Federal Housing Administration
FHLMC Federal Home Loan Mortgage Corporation ("Freddie Mac")
FMV Fair Market Value
FNMA Federal National Mortgage Association ("Fannie Mae")
FRM Fixed Rate Mortgage
FSBO For
GFE Good Faith Estimate of Settlement Cost
GNMA Government National Mortgage Association ("Ginnie Mae")
GWD General Warranty Deed
HEL Home Equity Loan
HELOC Home Equity Line of Credit
HMDA Home Mortgage Disclosure Act
HOA Homeowners Association
HUD
LTV Loan-To-Value
MBA Mortgage Brokers Association
MFG Manufactured Housing
MFH Multi-family Housing
MI Mortgage Insurance
MLS Multiple Listing Service
MPC Master Planned Community
NAR National Association of Realtors
NOC Notice of Completion
NOD Notice of Default
NOI Net Operating Income
NOO Non-Owner Occupied
OO Owner Occupied
P&I Principal and Interest
PITI Principal, Interest, Taxes and Insurance
PMI Private Mortgage Insurance
PPP Pre-Payment Penalty
PUD Planned Unit Development
RESPA Real Estate Settlement Procedures Act
REO Real Estate Owned
ROI Return on Investment
SE Self Employed
SFR Single-Family Residence
SWD Special Warranty Deed
TD Trust Deed
TI Tenant Improvements
TIL Truth-In-Lending Disclosure Statement
URLA Uniform Residential Loan Application (1008/1003)
VRM Variable Rate Mortgage
