Federal National Mortgage Association (FNMA)
Also know as Fannie Mae, the FNMA accept bids from approved lenders as to the amount, price and terms wish to sell Fannie Mae. Upon deciding how much money it will spend during a given time period, FNMA notifies the successful bidders, and these bidders have a certain time period in which they can choose to deliver the mortgages.
Popular Real Estate Terms
Tax imposed by some state and local governments to record into the public record property deeds and mortgages. ...
Increasing prices during a slowdown in economic activity. ...
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Latin abbreviation for the literal translation meaning" which see". ...
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Figure or value which is the starting point in computing gain or loss, depreciation, depletion, and amortization. ...
A lien which is secondary to a senior lien and cannot be paid until the senior lien is satisfied. ...
Assets owned by an individual as part of his or her estate except for land and everything attached to the land. Personal property may be either tangible, having physical substance such as ...
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