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Fair Credit Billing Act
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
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
Fair Credit Reporting Act
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
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.
Fair Housing Act
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
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
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
Fallout is a term used to describe loan applications that are withdrawn by borrowers, sometimes because they have found a
Fannie Mae
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
Fannie Mae is one of the primary purchasers that facilitate homeownership by adding liquidity to the mortgage market when
Farmers Home Administration
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
The Farmers Home Administration (FmHA) is an agency of the U.S. Department of Agriculture supplying loans, including
Federal Deposit Insurance Corporation
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
FDIC, known as the Federal Deposit Insurance Corporation, is an
independent agency of the federal government that regulates banks in
Federal Home Loan Bank Board
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
The Federal Home Loan Bank Board (FHLBB) is a former independent agency
in the executive branch of the federal government that regulated and
Federal Home Loan Mortgage Corporation
- By Zitrof Real Estate
- Published 07/31/2009
- Real Estate Glossary - F
The Federal Home Loan Mortgage Corporation (FHLMC) is a private corporation chartered by congress in 1970 to make funds from
Federal Housing Administration
- By Zitrof Real Estate
- Published 07/30/2009
- Real Estate Glossary - F
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
Federal National Mortgage Association
- By Zitrof Real Estate
- Published 07/30/2009
- Real Estate Glossary - F
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
- By Zitrof Real Estate
- Published 07/30/2009
- Real Estate Glossary - F
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
- By Zitrof Real Estate
- Published 07/30/2009
- Real Estate Glossary - F
Fee Ownership is the largest form of ownership giving the homeowner complete control including the development off an inheritable estate.
Fee Tail
- By Zitrof Real Estate
- Published 07/30/2009
- Real Estate Glossary - F
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
- By Zitrof Real Estate
- Published 07/30/2009
- Real Estate Glossary - F
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.







