Posted on: 22nd Jul, 2005 11:24 pm
Terms for E
- Earnest Money
Earnest Money is a portion of down payment paid to a seller or an escrow agent by a buyer ...
- Encumbrance
Encumbrance is any claim or liability appended to and binding upon the real property that ...
- Endowment Mortgage
Endowment Mortgage is a kind of interest only mortgage which is backed by an endowment ...
- Eminent Domain
Eminent Domain is the constitutional right of a government to take private property for public ...
- Encroachment
Encroachment is an improvement or obstruction in a property that illegally intrudes upon the ...
- Endowment Policy
Endowment Policy is an 'investment vehicle' for interest only mortgage.It is a long term ...
- Equal Credit Opportunity Act (ECOA)
ECOA or Equal Credit Opportunity Act is a Federal law introduced in 1976 to protect the ...
- Equity
Equity is an owner's financial position in a property. Equity is the difference between the fair ...
- Equity Release Mortgage
Equity Release Mortgage enables a person to enjoy the capital tied up in his property. It...
- Escalator Clause
Escalator Clause is a prearrangement in a contract that provides for increase or decrease ...
- Estate
Estate is a possessorship an individual have in real property. It is an aggregate of all the real ...
- Eviction
Eviction is a legal dismissal of lessee from real property by a lessor, to recover possession of ...
- Expatriate Mortgage
Expatriate mortgage is a type of mortgage which is used to buy property overseas. Key ...
- Face Interest Rate
Face Interest Rate is the percentage interest rate provided in the mortgage loan document...
- Fixed Rate Mortgage
Fixed Rate Mortgage is the most common type of mortgage in which the interest rate remains ...
- Flexible Mortgage
Flexible mortgage is a type of variable rate mortgage, which allows a borrower to make ...
- Flood Certification
Flood Certification is an inspection carried by the federal government, to determine if a ...
- Foreign Currency Mortgage
Foreign Currency Mortgage is a mortgage denominated in a foreign currency.This is a ...
- Fair Credit Reporting Act
Fair Credit Reporting Act (FCRA) is a Federal consumer protection regulation enforced ...
- Fair Market Value
Fair Market Value is the price at which the property would change hands between a buyer ...
- FHA Co-insured Mortgage
The FHA or the Federal Housing Administration approves a certain kind of mortgage program ...
- First Mortgage
First mortgage is a mortgage that has primary claim over the property which is kept as ....
- Forbearance
Forbearance is the lender's postponement in foreclosure because the borrower has made ...
- Foreclosure
Foreclosure is a legal process in which the lender or the seller may sell the property that is ...
- Forfeiture
Forfeiture is the loss of property, money or anything else of value because of violation of law ...
- Fully Amortized ARM
Fully Amortized ARM is an adjustable-rate mortgage (ARM) with monthly payments that are ...
- Gift Letter
Gift is a sum of money offered to a borrower by any third party to help him with funds ...
- Good Faith Estimate
Good Faith Estimate is one of the various disclosures which you will receive within three days ...
- Growing Equity Mortgage
Growing Equity Mortgage is a fixed-rate mortgage in which scheduled payments are ...
- Global Debt Facility
Global debt facility includes a debt issuance facility through which US dollar and foreign ...
- Government Mortgage
Government mortgages include the following category of mortgage loans: The mortgages ...
- Grace Period
Grace period refers to the time period between the due date of a mortgage payment and the ...
- Grantor: A person who transfers interest in real property and grants ownership rights by a legal document (deed).
- Grantee: A person who receives interest in real property as well as ownership rights on it. Depending upon state laws, a grantee may or may not have to sign on the deed.
- Gross Monthly Income
Gross Monthly Income is the total of all the money, goods and property earned during the ...
- Habendum Clause
Habendum Clause is a very common clause stated on deeds used to transfer ownership ...
- Hazard Insurance
Hazard Insurance or Hazard Property Insurance is an insurance whereby an insurer, for a ...
- Hangout
Hangout is the principal balance of a loan, remaining when the term of the loan is beyond the ...
- Hard Money Mortgage
Hard Money Mortgage is a kind of mortgage that is given in return for cash by a non ...
- High Ratio Mortgage
High Ratio Mortgage is a mortgage, which offers a loan amount greater than 75% of the ...
- Home Equity Conversion Mortgage (HECM)
The Home Equity Conversion Mortgage (HECM) is the only kind of reverse mortgage insured ...
- Home Equity Line of Credit (HELOC)
Saving your earnings in a bank or looking for something better? Think about ways of tapping ...
- Home Equity Loan
A home equity loan is a mortgage taken by keeping the home equity as the collateral. It is a ...
- Homeowners Warranty
A home warranty or homeowner warranty is an insurance that covers repair and replacement ...
- Homeowners Insurance
Homeowner's insurance or Home Insurance is an insurance policy that protects a homeowner ...
- Housing Expense Ratio
Housing Expense Ratio calculates how much of your gross monthly income will be used to ...
- Housing Starts
Housing Starts is an economic indicator prepared by the Commerce Department that ...
- HUD
HUD is known as the U.S. Department of Housing and Urban Development. It was established ...
- Hybrid mortgage
Hybrid Mortgage is a type of Mortgage, which combines the features of both fixed and ...
What is an HMDA??
Hi,
HMDA or Home Mortgage Disclosure Act was implemented in 1975 by Federal Reserve Board's Regulation C.
This Act requires the lenders to provide data to general public about the types of applications and the action they take on the application made at their organization each year.
Hope this information helps.
HMDA or Home Mortgage Disclosure Act was implemented in 1975 by Federal Reserve Board's Regulation C.
This Act requires the lenders to provide data to general public about the types of applications and the action they take on the application made at their organization each year.
Hope this information helps.
I hope this government site will help you to know much more about the disclosure act.
WHAT IS ESCROW INTEREST?
IS THERE A WEBSITE WHERE I CAN FIND OUT HOW MUCH HOUSE ARE BEING SOLD FOR IN MY NEIGHBORHOOD? I WOULD LIKE A DEPENDABLE SITE AND ONE THAT IS FREE
Hi, ROZALIND
Welcome to the forums
Its basicaly the interest which is calculated on escrow account balance.
"
IS THERE A WEBSITE WHERE I CAN FIND OUT HOW MUCH HOUSE ARE BEING SOLD FOR IN MY NEIGHBORHOOD? I WOULD LIKE A DEPENDABLE SITE AND ONE THAT IS FREE"
On this i think your should consult some local real estate agent as they can tell you the rates and prices currently prevailing in your neighbourhood. Its tought to get any website on this. Where do you stay by the way may be we get something for you.
Thanks
Welcome to the forums
Its basicaly the interest which is calculated on escrow account balance.
"
IS THERE A WEBSITE WHERE I CAN FIND OUT HOW MUCH HOUSE ARE BEING SOLD FOR IN MY NEIGHBORHOOD? I WOULD LIKE A DEPENDABLE SITE AND ONE THAT IS FREE"
On this i think your should consult some local real estate agent as they can tell you the rates and prices currently prevailing in your neighbourhood. Its tought to get any website on this. Where do you stay by the way may be we get something for you.
Thanks
Terminology EH.. Ho-o-o-o-t :)
Guest, lots of folk have no idea what lending professionals are speaking about when they use these terms. It's always useful to have a glossary somewhere that people can refer to in order to garner a better understanding of the process.
Hey, lots of loan officers wouldn't know HMDA if it bit them!
Hey, lots of loan officers wouldn't know HMDA if it bit them!
