Free Real Estate Vocabulary Flashcards

Pass the real exam by knowing all of the vital real estate vocabulary terms that are crucial to passing the real estate licensing examination. Study all of the important real estate glossary terms and definitions, and pass with confidence!

Federal Home Loan Bank Board

The board which chartered and regulated federal savings and loan associations, as well as controlled the system of Federal Home Loan Banks The Financial …

Federal Home Loan Bank System

See: Federal Home Loan Banks

Federal Home Loan Banks

Banks created under the Federal Home Loan Bank Act of 1932, in order to keep a permanent supply of money available for home financing …

Federal Home Loan Mortgage Corporation (FHLMC)

A federally chartered corporation created to provide a secondary mortgage market for conventional loans (Freddie Mac)

Federal Home Loan Mortgage Corporation (Freddie Mac)

Non-profit federally chartered institution that functions as a buyer and seller of savings and loan residential mortgages

Federal Home Loan Mortgage Corporation (The Mortgage Corporation)

A semi-governmental purchaser of mortgages in the secondary market The trading of mortgage securities (Participation Certificates) for mortgages in its guarantor program has been …

Federal Housing Administration

See: FHA

Federal Housing Administration (FHA)

A federal administrative body created by the National Housing Act in 1934 to encourage improvement in housing standards and conditions, to provide an adequate …

Federal income tax

An annual tax based on income, including monies derived from the lease, use, or operation of real estate

Federal National Mortgage Association

See: FNMA

Federal National Mortgage Association (Fannie Mae)

Nation’s largest, and privately owned, investor in residential mortgages

Federal National Mortgage Association (FNMA)

“Fannie Mae” is the popular name for this federally chartered corporation, which creates a secondary market for existing mortgages FNMA does not loan money …