Mortgage terms starting with A

18 terms

  1. Action Taken Date The settlement or closing date for originations. For applications that did not result in an origination, the date when the action was taken or when the…
  2. Action Taken Type The disposition of the loan/application.
  3. Activity Year The year for which the HMDA data are being collected.
  4. Adjustable-Rate Mortgage (ARM) A mortgage that does not have a fixed interest rate. The rate changes during the life of the loan based on movements in an index rate, such as the rate…
  5. Agency Code Code to identify the supervisory/regulatory agency of the HMDA reporting institution.
  6. Agent Agent means any individual, other than a broker-dealer, who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales…
  7. Alt-A Mortgages A classification of mortgages in which the risk profile falls between prime and subprime.
  8. American Recovery and Reinvestment Act of 2009 Enacted in 2009, this Act authorized a series of measures intended to create jobs and promote investment and consumer spending.
  9. Amortization The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.
  10. Annual Percentage Rate (APR) The cost of credit on a yearly basis, expressed as a percentage.
  11. Applicant Ethnicity Ethnicity of the applicant. This is reported for originated loans and for loan applications that do not result in an origination.
  12. Applicant Race Race of the applicant. This is reported for originated loans and for loan applications that do not result in an origination.
  13. Applicant Sex Sex of the applicant. This is reported for originated loans and for loan applications that do not result in an origination.
  14. Application Fee A fee charged when you apply for a credit card.
  15. Application Received Date The date the application was received or the date shown on the application form. For purchased loans, "NA" for not applicable is reported.
  16. Appraisal The act of evaluating and setting the value of a specific piece of personal or real property.
  17. Appraisal Fee The charge for estimating the value of property offered as security.
  18. Appraiser The person who evaluates the damage caused by an accident or other covered loss and determines the amount to be paid under the policy terms.