Flashcards: Mortgage industry of the United States

In the United States, redlining is the practice of denying services, either directly or through selectively raising prices, to residents of certain areas based on the racial or ethnic makeups of those areas.

The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.

Mortgage Electronic Registration Systems, Inc.

Mortgage News Daily is a news and social media website serving the mortgage, and real estate housing industries.

The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst (or market correction) and the subprime mortgage crisis which developed during 2007 and 2008.

The Federal Housing Administration (FHA) is a United States government agency created in part of the National Housing Act of 1934.

The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing.

The Federal Housing Finance Agency (FHFA) is an independent federal agency created as the successor regulatory agency resulting from the statutory merger of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.

Bank of America, N.

AmCap Mortgage, Ltd.

National Mortgage News is a digital media website covering the mortgage sector in the United States.

The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

In the United States certified mortgage planner is a designation for the purpose of establishing a new professional category in the mortgage sector: one that arose as a response to criticisms of the mortgage banking industry.

In the United States a Certified Mortgage Consultant is the most advanced designation for mortgage professionals who are members of the National Association of Mortgage Brokers.

(See also: Mortgage Electronic Registration Systems) An eMortgage is an electronic mortgage where the loan documentation is created, executed, transferred and stored electronically.

The United States Treasury established the Hardest Hit Fund in February 2010, to provide targeted aid to states hit hardest by the subprime mortgage crisis which began in 2007.