Fannie Mae | Mortgage Glossary | Realestateagent.com

Definition of "Fannie Mae"

Joan Means

Coldwell Banker Roth Wehrly Graber

One of two federal agencies that purchase home loans from lenders. The other is Freddie Mac.

An inlaid stone or wood flooring arranged in tightly fitting geometrical patterns. It is decorative ...

Extra compensation given to a real estate broker who has surpassed his sales quota (e.g., number of ...

In a construction loan, payments made to a contractor as the various construction stages are complet ...

Association comprised of 59 state and territorial emergency management directors having as its purpo ...

Premium income divided by the surplus account. ...

Requires collateral to secure the debt. An example of collateral might be one's home. ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

A gated community is a community of homes where you must pass through a security gate in order to en ...

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