Category: Real Estate Term of The Day

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)

April 2, 2012

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

April 1, 2012

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

March 31, 2012

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

Real Estate Term of the Day: Facade & Facade Easement

March 30, 2012

Real Estate Term of the Day: Facade & Facade Easement FACADE – the outside front wall of a building (Barron’s Dictionary of Real Estate Terms) FACADE EASEMENT – an arrangement in a historic preservation program whereby the owner agrees to retain the original facade of a building in exchange for the right to alter other … More Real Estate Term of the Day: Facade & Facade Easement