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Real Estate Glossary

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F                                                                                                          

Term                                Description


Fixed Rate:




FHA:                



Fannie Mae:           







Floating Rate:




Foreclosure:





Freddie Mac:   





Full Service Building:    


Real Estate Glossary


From ‘Abstract of Title’ to ‘Triple-Mint’, the arcana of real estate explained

Browse alphabetically by choosing a letter from the list below.


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

One of two types of rates offered by lending institutions.  In a fixed rate scenario, the lender offers an interest rate which remains constant over the term of the loan.


The Federal Housing Administration. Sets guidelines for special                  lower interest loans on qualified priced homes.


Nickname for Federal National Mortgage Association (FNMA),

a tax-paying corporation created by Congress. Sets guidelines

under which most conventional mortgages are acceptable.    FNMA is the largest purchaser of VA, FHA, and Conventional

loans. Since FNMA buys so many loans from lenders, most

loans must conform to their guidelines.


One of two types of rates offered by lending institutions.  In a floating rate scenario, the lender offers an interest rate which fluctuates with the prevailing rates offered to lending institutions.


The process by which a lending institution takes back a property because the property owner can no longer meet his/her monthly mortgage payment.



Nickname of Federal Home Loan Mortgage Corporation     (FHLMC), a federally controlled and operated corporation to support the secondary mortgage market. It purchases and sells residential conventional home mortgages.


Term to describe a building which employs both a concierge and a full-time doorman.



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