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GLOSSARY

GLOSSARY TERMS by Alpha
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Fair Credit Reporting Act
Fair Housing Act
Fair market value
Fannie Mae
Farmer's Home Administration (FmHA)
Federal Deposit Insurance Corporation (FDIC)
Federal Direct Loan Program
Federal Direct Stafford Loan
Federal Direct Unsubsidized Stafford Loan
Federal Home Loan Bank Board (FHLBB)
Federal Home Loan Mortgage Corporation (FHLMC)
Federal Housing Administration (FHA)
Federal National Mortgage Association (FNMA)
FHA insurance
FHA loan
FHA mortgage insurance
FHLMC
Firm Commitment
First mortgage
Fixed-rate mortgage (FRM)
Flood insurance
FNMA
Forbearance
Foreclosure
Franchised dealer
Freddie Mac
Front ratio
Fully amortized ARM
Fully indexed note rate
Fund Balance

Fully amortized ARM

An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to pay off the remaining balance at the interest accrual rate over the amortization term

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