Loan- Acronyms And Facts Flashcards
(32 cards)
1
Q
DSR
A
Debt Servicing Ratio
2
Q
LTV
A
Loan to Value
3
Q
LTC
A
Loan to Cost
4
Q
TCA
A
Total Cash Available for Debts
5
Q
TCR
A
Total Cash Required to Service Debts
6
Q
RI
A
Residual Income
7
Q
ATR
A
Ability to Repay
8
Q
PFIA
A
Personal Financial Information Analysis
9
Q
PMI
A
Private Mortgage Insurance
10
Q
RESPA
A
Real Estate Settlement Procedures Act
11
Q
FICO
A
Fair Isaac Corporation
12
Q
FIRREA
A
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
13
Q
HMDA
A
Home Mortgage Disclosure Act
14
Q
FIRM
A
Fixed Interest Rate Mortgage
15
Q
ARM
A
Adjustable Rate Mortgage
16
Q
PITI
A
Principal, Interest, Taxes, and Insurance
17
Q
CARMELS
A
C - capital A - asset R - refinance rate M - management E - earnings L - liabilities S - stress test
18
Q
CAL
A
Centralized Accounts and Loans
19
Q
AUE
A
Automated Underwriting Engine
20
Q
FCRA
A
Fair Credit Reporting Act
21
Q
FACT
A
Fair and Accurate Credit Transactions
22
Q
LMI
A
Low to Moderate Income
23
Q
PDPL
A
Past Due and Problem Loans
24
Q
FCRA
A
Fair Credit Reporting Act
25
FACT
Fair and Accurate Credit Transactions
26
PDPL
Past Due Problem Loan
27
CFPB
Consumer Financial Protection Bureau
28
PCR
Property Condition Report
29
LFC
Loan File Checklist
30
CMT
Constant Maturities Treasury Yields
31
PDPL
Past Due and Problem Loans
32
CD
Coming Due
