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
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Individual engaged in selling a product or service. The product may be an investment in real estate. In some instances, state law may require licensing to safeguard the public by requiring ...
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Credential awarded by the International Association of Assessing Officers to appraisers of real property working for a government body. ...
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Building that is elaborately built with columns in a symmetrical way, generally with three floors and a gabled roof. ...
Amount to be paid by a person or business for violating a statute or legal court order. It may also be assessed for violating the provisions of a contract. Examples of penalties are a ...
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