Georgia Real Estate 3 Glossary

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Author:
sandleman
ID:
7701
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Georgia Real Estate 3 Glossary
Updated:
2010-02-22 14:25:46
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Georgia Real Estate 3 Glossary
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Georgia Real Estate 3 Glossary
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  1. An act prohibiting discrimination in the sale or rental of housing on the basis of race, color, religion or national origin sex, handicap and familial status
    Federal Fair Housing Act of 1968
  2. An act prohibiting discrimination in the sale or rental of housing on the basis of race, color, religion or national origin sex, handicap and familial status.
    Federal Fair Housing Act of 1968
  3. A federal agency which oversees and regulates all federally charted savings and loan association
    Federal Home Loan Bank System - FHLBB
  4. "Freddie Mac" is a wholly owned subsidiary of the Federal Home Loan Bank System, which serves as a secondary mortgage market for savings and loan associations, who are members of the FHLBB; also referred to as The Mortgage Corporation.
    Federal Home Loan Mortgage Corporation (FHLMC)
  5. A federal agency established in 1943 to increase home ownership by providing an insurance program to safeguard the lender against the risk of nonpayment. Currently part of HUD.
    Federal Housing Administration- (FHA)
  6. Commonly known as "Fannie Mae", this quasi-private corporation is the largest buyer of existing mortgages in the secondary mortgage market.
    Federal National Mortgage Association (FNMA)

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