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Real Estate Glossary - F

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    The Fair Credit Billing Act (FCBA) is a United States federal law enacted as an amendment to the Truth in Lending Act (codified at 15 U.S.C. § 1601 et seq.). Its purpose is to


    The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection, dissemination, and use of consumer credit information. Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in the United States.


    The Fair Housing Act created in 1968, prohibits housing discrimination on the basis of race, color, religion, sex, handicap (disability), familial status, and national origin. Its coverage includes private housing, housing that receives Federal financial assistance, and State and local government housing.


    Fallout is a term used to describe loan applications that are withdrawn by borrowers, sometimes because they have found a


    Fannie Mae is one of the primary purchasers that facilitate homeownership by adding liquidity to the mortgage market when


    The Farmers Home Administration (FmHA) is an agency of the U.S. Department of Agriculture supplying loans, including


    FDIC, known as the Federal Deposit Insurance Corporation, is an independent agency of the federal government that regulates banks in


    The Federal Home Loan Bank Board (FHLBB) is a former independent agency in the executive branch of the federal government that regulated and


    The Federal Home Loan Mortgage Corporation (FHLMC) is a private corporation chartered by congress in 1970 to make funds from


    The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934. The goals of this organization are


    The Federal National Mortgage Association (FNMA) is an agency within the Department of Housing and Urban Development that sets standards for underwriting and insures residential mortgage loans made by private lenders.


    Fee simple ownership represents absolute ownership of real property but it is limited by the four basic government powers of taxation, eminent domain, police power, and escheat and could also be limited by certain encumbrances or a condition in the deed.


    Fee Ownership is the largest form of ownership giving the homeowner complete control including the development off an inheritable estate.


    Fee tail describes an estate of inheritance in real property which cannot be sold, devised by will, or otherwise alienated by the owner, but which passes by operation of law to the owner's heirs upon his death.


    Fees are the price one pays as remuneration for services, especially the honorarium paid to am attorney, mortgage broker, title company, consultant, or other member of a learned profession. Fees usually allow for overhead, wages, and costs.


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