Mortgage Industry Terms & Acronyms

Edit Answers
1234567891011121314151617181920212223
Across
  1. 5. LTV
  2. 10. Process of spreading out a loan into a series of fixed payments over time
  3. 12. Debt-to-Income Ratio
  4. 14. Private Mortgage Insurance
  5. 16. Homeowner's Association
  6. 17. Where mortgage bankers, GSEs, and investors buy and sell closed mortgage loans and loan servicing
  7. 20. Home Affordable Refinance Program
  8. 21. Legal agreement where creditor lends money at interest in exchange for taking title of the debtor's property and is void upon the payment of the debt in full
  9. 22. When property taxes and homeowner's insurance is also collected in the monthly payments and the lender disburses the payments to the tax collector or insurance agent on behalf of the Borrower
  10. 23. Appraisal Management Company
Down
  1. 1. Federal Housing Administration
  2. 2. Government Sponsored Enterprises (i.e. Fannie Mae or Freddie Mac)
  3. 3. Payments are amortized over a longer period than the actual term and the outstanding balance is due at the end of the term
  4. 4. Clear to Close
  5. 6. Loans that are partially funded by mortgage revenue bonds
  6. 7. Payment, Interest, Taxes, Insurance
  7. 8. Veterans Affairs
  8. 9. Homeowner's Insurance
  9. 10. Address, Loan Amount, Income, Estimated Value, Name, Social Security
  10. 11. Third Party Origination
  11. 13. Mortgage Back Securities
  12. 15. United States Department of Agriculture & Rural Development
  13. 18. Consumer Financial Protection Bureau
  14. 19. Verification of Employment
  15. 20. Department of Housing and Urban Development
  16. 22. Equal Credit Opportunity