ABA – American Bankers Association

ABC – Associated Building Contractors

AI – Appraisal Institute

ALTA – American Land Title Association

AMI – Alternative Mortgage Instrument

AML – Adjustable Mortgage Loan

APR – Annual Percentage Rate

ARM – Adjustable Rate Mortgage

CCR – Conditions, Covenants, and Restrictions

CMA – Comparative Market Analysis

CO – Certificate of Occupancy

Comps – Comparables

CRV – Certificate of Reasonable Value

ECOA – Equal Credit Opportunity Act

FHA – Federal Housing Administration

FHLMC – Federal Home Loan Mortgage Corporation (Freddie Mac)

FNMA – Federal National Mortgage Association (Fannie Mae)

FPM – Flexible Payment Mortgage

GNMA – Government National Mortgage Association (Ginnie Mae)

GPM – Graduated Payment Mortgage

HMDA – Home Mortgage Disclosure Act

HUD – Department of Housing and Urban Development

LTV, LV – Loan-to-value ratio

MI – Mortgage Insurance

MIP – Mortgage Insurance Premium

MLS – Multiple Listing Service

NAR – National Association of Realtors

P & I – Principal and Interest (payment)

PITI – Principal, Interest, Taxes and Insurance (payment)

PITIA - Principal, Interest, Taxes, Insurance and Association fees

PMI – Private Mortgage Insurance

PMM – Purchase Money Mortgage

psf – per square foot

PUD – Planned Unit Development

RAM – Reverse Annuity Mortgage

REO – Real Estate Owned

RESPA – Real Estate Settlement Procedures Act

TIL – Truth in lending law (Truth in Lending Statement)

URAR – Uniform Residential Appraisal Report