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ABBREVIATIONS

ALTA American Land Title Association

APR Annual Percentage Rate

ARM Adjustable Rate Mortgage

D/R Debt Ratio

ECOA Equal Credit Opportunity Act

FCRA Fair Credit Reporting Act

FEMA Federal Emergency Management Agency

FHA Federal Housing Administration

FHLMC Federal Home Loan Mortgage Association or Freddie Mac

FmHA Farmers Home Administration

FNMA Federal National Mortgage Association or Fannie Mae

GFE Good Faith Estimate

GNMA Government National Mortgage Association or Ginnie Mae

HMDA Home Mortgage Disclosure Act

HUD Department of Housing and Urban Development

LIBOR London Interbank Offer Rate

LID Limited income documentation

LTV Loan-To-Value

P&I Principal and Interest

PITI Principal, Interest, Taxes and Insurance

POC Paid Outside of Closing

PMI Private Mortgage Insurance

PUD Planned Unit Development

REO Real Estate Owned

RESPA Real Estate Settlement Procedures Act

SRP Service Release Premium

TIL Truth in Lending

VA Veterans Administration

VOD Verification of Deposit

VOE Verification of Employment

VOM Verification of Mortgage

VOR Verification of Rent