A wire-like device in some types of toilets that attaches a float ball to the ball cock. …
Federal Home Loan Mortgage Corporation (FHLMC)
The Federal Home Loan Mortgage Corporation is commonly known as Freddie Mac. The company buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. …
Continue Reading about Federal Home Loan Mortgage Corporation (FHLMC) →
Financed Closing Costs
Closing costs that are added to the loan amount. This practice saves the borrower cash up front, but increases the borrower's monthly payment. …
Federal Housing Administration (FHA)
This government agency operates a variety of home-loan programs. Its most popular is the Section 203(b) program, which provides low-rate mortgages to buyers who make a down payment as small as 3 …
Continue Reading about Federal Housing Administration (FHA) →
Finder’s Fee
A fee in any amount that is paid to someone. …
Federal National Mortgage Association (FNMA)
Now officially dubbed Fannie Mae, this federally chartered agency buys mortgages from lending institutions, pools them with other loans, and sells shares to investors. …
Continue Reading about Federal National Mortgage Association (FNMA) →