Unit 13: Government Involvement in Real
Estate Financing - Key Concepts &
Regulations
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Unit 13: Government Involvement in Real Estate Financing - Key Concepts & Regulations
Study guide
bethanymoman19
Terms in this set (44) Hide definitions
The Federal Reserve System A national system of banking districts designed to
maintain sound economic conditions and a
favorable economic climate.
Income from a loan Generated by up-front finance charges collected
at closing, plus interest collected during the loan
term.
, Primary mortgage market Includes savings associations, insurance
companies, and mortgage bankers that originate
loans.
Fannie Mae A government-sponsored enterprise that provides
liquidity in the mortgage market.
Farmer Mac Established by Congress to create a secondary
market for agricultural mortgage and rural utilities
loans.
Loan-to-value ratio (LTV) The ratio of debt to the value of the property used
to assess the risk of a mortgage.
Regulation Z Enacted by the Federal Reserve to enforce the
Truth in Lending Act (TILA) and requires credit
institutions to inform borrowers of the true cost of
obtaining credit.
Helping Families Save their Homes Amended TILA by requiring that lenders provide
Act refinancing terms to borrowers who need them.
FHA Federal Housing Administration, which insures
loans but is not a mortgage lender.
Estate Financing - Key Concepts &
Regulations
Leave the first rating
Students also studied
From the same upload Flashcard sets Study guides
Unit 13: Government Involvement in Real Estate Financing - Key Concepts & Regulations
Study guide
bethanymoman19
Terms in this set (44) Hide definitions
The Federal Reserve System A national system of banking districts designed to
maintain sound economic conditions and a
favorable economic climate.
Income from a loan Generated by up-front finance charges collected
at closing, plus interest collected during the loan
term.
, Primary mortgage market Includes savings associations, insurance
companies, and mortgage bankers that originate
loans.
Fannie Mae A government-sponsored enterprise that provides
liquidity in the mortgage market.
Farmer Mac Established by Congress to create a secondary
market for agricultural mortgage and rural utilities
loans.
Loan-to-value ratio (LTV) The ratio of debt to the value of the property used
to assess the risk of a mortgage.
Regulation Z Enacted by the Federal Reserve to enforce the
Truth in Lending Act (TILA) and requires credit
institutions to inform borrowers of the true cost of
obtaining credit.
Helping Families Save their Homes Amended TILA by requiring that lenders provide
Act refinancing terms to borrowers who need them.
FHA Federal Housing Administration, which insures
loans but is not a mortgage lender.
