AFFINITY

Question 1

AFBA

Answer 1

Affiliate Business Arrangement Disclosure

Question 2

HERA

Answer 2

Housing & Economic Recovery Act

Question 3

ALTA

Answer 3

American Land Title Association

Question 4

HMDA

Answer 4

Home Mortgage Disclosure Acct

Question 5

APR

Answer 5

Annual Percentage Rate

Question 6

HOEPA

Answer 6

Home Ownership and Equity Protection Act

Question 7

ARM

Answer 7

Adjustable Rate Mortgage

Question 8

HPA

Answer 8

Homeowners Protection Act

Question 9

CD

Answer 9

Closing Disclosure

Question 10

HUD

Answer 10

U.S. Department of Housing and Urban Development

Question 11

CFPB

Answer 11

Consumer Financial Protection Bureau

Question 12

LIBOR

Answer 12

London Interbank Offering Rate

Question 13

CHARM

Answer 13

Consumer Handbook on Adjustable-Rate Mortgages

Question 14

LP

Answer 14

Loan Prospector

Question 15

CLTV

Answer 15

Combined Loan-to-Value Ratio

Question 16

LTV:

Answer 16

loan to value ratio

Question 17

COFI

Answer 17

11th District Cost of Funds Index

Question 18

MDIA:

Answer 18

Mortgage Disclosure Improvement Act

Question 19

CRV

Answer 19

Certificate of Reasonable Value

Question 20

MIP

Answer 20

Mortgage Insurance Premium

Question 21

DU

Answer 21

Desktop Underwriter

Question 22

MTA

Answer 22

12-Month Treasury Average Index

Question 23

ECOA

Answer 23

Equal Credit Opportunity Act (also known as Regulation B)

Question 24

NMLS&R

Answer 24

Nationwide Mortgage Licensing System and Registry

Question 25

FACT ACT

Answer 25

Fair and Accurate Credit Transactions Act

Question 26

PITI

Answer 26

Principle, Interest, Taxes, and Insurance

Question 27

FCRA

Answer 27

Fair Credit Reporting Act (Reg. V)

Question 28

PMI

Answer 28

Private Mortgage Insurance

Question 29

FEMA

Answer 29

Federal Emergency Management Agency

Question 30

POC

Answer 30

Paid Outside Closing

Question 31

FHA

Answer 31

Federal Housing Administration

Question 32

RESPA

Answer 32

Real Estate Settlement Procedures Act (also known as Regulation X)

Question 33

FHLMC

Answer 33

Federal Home Loan Mortgage Corporation (also known as Freddie Mac)

Question 34

SAFE Act:

Answer 34

Secure and Fair Enforcement for Mortgage Licensing Act

Question 35

FNMA

Answer 35

Federal National Mortgage Association ( also known as Fannie Mae)

Question 36

SRP

Answer 36

Service Release Premium

Question 37

FTC

Answer 37

Federal Trade Commission

Question 38

TILA

Answer 38

Truth in Lending Act (Reg. Z)

Question 39

GFE:

Answer 39

Good-Faith Estimate (also, good-faith estimate when not referring to the form)

Question 40

TOR

Answer 40

Total Obligations Ratio (also known as backend ratio)

Question 41

GLBA

Answer 41

Gramm-Leach-Bliley Act (SPF)

Question 42

TRID

Answer 42

TILA and RESPA Integrated Disclosures

Question 43

GNMA

Answer 43

Government National Mortgage

Question 44

USDA

Answer 44

U.S. Department of Agriculture

Question 45

GSE:

Answer 45

Government-Sponsored Entity

Question 46

VA/DVA

Answer 46

Veteran’s Administration/U.S. Department of Veterans Affairs

Question 47

HELOC

Answer 47

Home Equity Line of Credit

Question 48

VOE

Answer 48

Verification of Employment

Question 49

HER

Answer 49

Housing Expense Ratio (also known as front-end ratio)