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The Real Estate Financing Market

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The Real Estate Financing Market

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1. Kickbacks

2. Mutual savings banks

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.Also called an escrow account.Payment made when no service is rendered; prohibited by RESPA.

3. Escrow account

Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.Also called an escrow account.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.

4. Impound accounts

5. Mortgage brokers

Payment made when no service is rendered; prohibited by RESPA.An agent of a lender who brings the lender and borrower together. The broker receives a fee for this service.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.

6. Federal Home Loan Bank (FHLB)

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.Supervises savings associations.Payment made when no service is rendered; prohibited by RESPA.

7. Mortgage banking companies

Payment made when no service is rendered; prohibited by RESPA.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.These institutions operate primarily as loan correspondents. They originate mortgage loans with money belonging to other institutions - such as insurance companies and pension funds - or to individuals - and they act as the liaison between borrower and lender. Mortgage banking companies are involved in all types of real estate loan activities.A lender collects funds from the borrower to pay taxes and insurance when due.

8. Fannie Mae

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.Payment made when no service is rendered; prohibited by RESPA.Originally charted as the Fedreal National Mortgage Association to purchase FHA and VA loans; as a government-sponsored enterprise (GSE) - it purchases both conventional and government loans.

9. Secondary mortgage market

A market for the purchase and sale of existing mortgages. Mortgages are first originated in the primary mortgage market - then packaged and sold on the secondary market to Fannie Mae - Freddie Mac - and private investors.A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.Payment made when no service is rendered; prohibited by RESPA.

10. Federal Deposit Insurance Corporation (FDIC)

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.Insures deposits in banks and savings associations.Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.

11. Fair Credit Reporting Act

Payment made when no service is rendered; prohibited by RESPA.A law passed to regulate the action of credit bureaus and consumer credit information. It protects consumers from the reporting and use of inaccurate or obsolete credit information. A lender who rejects a loan request because of adverse credit bureau information must inform the borrower of the source of the information.A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.

12. Federal Reserve System (the Fed)

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.The central banking system of the United States that is responsible for the nation's monetary policy and regulates interest rates and the supply of money.Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.

13. Real Estate Settlement Procedures Act (RESPA)

Federal consumer law under the control of the Department of Housing and Urban Development (HUD). The law was created to ensure that the buyer and seller in a residential real estate transaction have knowledge of all settlement (closing) costs. It applies only to transactions involving new first mortgage loans that are federally related.Payment made when no service is rendered; prohibited by RESPA.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.

14. Community Reinvestment Act (CRA)

A law passed to ensure that banks meet the lending needs in communities where they are located and to prevent redlining.Payment made when no service is rendered; prohibited by RESPA.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.

15. Freddie Mac

Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.Originally the Federal Home Loan Mortgage Corporation established to purchase conventional mortgage loans on the secondary mortgage market. Called a government-sponsored enterprise (GSE); purchases conventional and government loans.

16. Regulation Z

Implements the Truth in lending Act requiring credit institutions to inform borrowers of the true cost of obtaining credit.Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.

17. Loan servicing

A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.Payment made when no service is rendered; prohibited by RESPA.The act of collecting loan payments and making appropriate payments - such as paying real estate taxes and hazard insurance - on behalf of the holder of the mortgage note.

18. Savings associations

A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.The most active participants in the home loan mortgage market. They make both short-term and long-term conventional and government loans. By requiring PMI - they will make 95% - 97% - and even 100% loan-to-value loans. Alsoc called thrifts - they are regulated by the Office of Thrift Supervision (OTS) and supervised by the Federal Home Loan Bank (FHLB).Payment made when no service is rendered; prohibited by RESPA.

19. Rural Housing Service (RHS)

Replaced the Farmers Home Administration (FmHA); channels credit to farmers and rural communities.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.

20. Dodd-Frank Wall Street Reform and Consumer Protection Act

Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.A federal law enacted in 2010 that significantly changed financial regulation. Title X created the Bureau of Consumer Financial Protection to regulate consumer financial products and services.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.

21. Primary mortgage market

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.Mortgages are first originated in this market.Payment made when no service is rendered; prohibited by RESPA.

22. Qualified mortgage

A lender collects funds from the borrower to pay taxes and insurance when due.Payment made when no service is rendered; prohibited by RESPA.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A mortgage that is that is as beneficial as possible to the consumer (e.g. no prepayment penalty - no balloon payments - points and fees capped at 3% - etc.)

23. Equal Credit Opportunity Act (ECOA)

Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.The federal law that prohibits discrimination in the extension of credit because of race - color - religion - national origin - sex - age - or marital status.Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.

24. Ginnie Mae

Payment made when no service is rendered; prohibited by RESPA.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.A lender collects funds from the borrower to pay taxes and insurance when due.The Government National Mortgage Association; administers special housing finance programs; insures Fannie Mae securities backed by FHA and VA loans.

25. Annual percentage rate (APR)

Payment made when no service is rendered; prohibited by RESPA.A lender collects funds from the borrower to pay taxes and insurance when due.Institutions primarily in the northeastern section of the country that operate similarly to savings and loan associations. They are primarily savings institutions and are highly active in the mortgage market - investing in loans secured by income property as well as residential real estate.Discloses total amount being received by lender; interest - points - and other fees.

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25 Questions

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know? Privacy | Terms |

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All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
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Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com