Real Estate Term of the Day: Federal Housing Administration

Real Estate Term of the Day: Federal Housing Administration FEDERAL HOUSING ADMINISTRATION (aka: FHA) – an agency, within the U.S. Department of Housing and Urban Development, that administers many loan programs, loan guarantee programs, and loan insurance programs designed to make housing available (Barron’s Dictionary of Real Estate Terms) According to the Hud.gov, Congress created the … More Real Estate Term of the Day: Federal Housing Administration

Real Estate Term of the Day: Federal Home Loan Mortgage Corporation (Freddie Mac or FHLMC), Federal National Mortgage Association (Fannie Mae or FNMA) & Government-Sponsored Enterprise (GSE)

Real Estate Term of the Day: Federal Home Loan Mortgage Corporation, Federal National Mortgage Association & Government-Sponsored Enterprise FEDERAL HOME LOAN MORTGAGE CORPORATION (Freddie Mac or FHLMC) – an organization that purchases mortgage loans, mostly from savings & loan associations (Barron’s Dictionary of Real Estate Terms) FEDERAL NATIONAL MORTGAGE ASSOCIATION (Fannie Mae or FNMA) – … More Real Estate Term of the Day: Federal Home Loan Mortgage Corporation (Freddie Mac or FHLMC), Federal National Mortgage Association (Fannie Mae or FNMA) & Government-Sponsored Enterprise (GSE)

Real Estate Term of the Day: Federal Fair Housing Law

Real Estate Term of the Day: Federal Fair Housing Law FEDERAL FAIR HOUSING LAW – a federal law that forbids discrimination on the basis of race, color, sex, religion, handicap, familial status, or national origin in the selling or renting of homes and apartments (Barron’s Dictionary of Real Estate Terms) Familial status – characteristic determined … More Real Estate Term of the Day: Federal Fair Housing Law

Real Estate Term of the Day: Factory-Built Home

Real Estate Term of the Day: Factory Built Home FACTORY-BUILT HOME – a general category of housing that is produced largely in a factory (Barron’s Dictionary of Real Estate Terms) Other types of factory-built homes include: Manufactured homes – a dwelling unit manufactured in a factory and designed to be transported to a site and … More Real Estate Term of the Day: Factory-Built Home