Selling Guide

Published June 02, 2021

For best results, pose your search like a question.

Guide Resources

For a comprehensive list of resources such as forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

Customers Recommend Ask Poli

AskPoli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Launch Ask Poli  

Download PDF Guide

You can also download the printable 1,200+ page PDF, which include links.

Download Now

E-1-02, Acronyms and Abbreviations (06/02/2021)

Introduction

This topic contains definitions of acronyms and abbreviations used throughout this Guide.


Acronyms and Abbreviations

The table below provides a list of acronyms and abbreviations.

Acronym or Abbreviation Definition
ACH Automated Clearing House
ADU accessory dwelling unit
ALTA American Land Title Association
AMI area median incomes
ARM adjustable-rate mortgage
ASAP Plus As Soon As Pooled Plus
ASAP Sale As Soon As Pooled Sale
ATR ability to repay
AVM automated valuation model
BPO broker price opinion
bps basis points
CLTV combined loan-to-value
CMT Constant Maturity Treasury
condo unit in a condominium project
co-op unit in a cooperative project
CPI Consumer Price Index
CPM Condo Project Manager
CU Collateral Underwriter
CUSIP Committee on Uniform Security Identification Procedures
DO Desktop Originator
DTI Debt-to-income ratio
DU Desktop Underwriter
FAIR Fair Access to Insurance Requirement
FEMA Federal Emergency Management Agency
FHA Federal Housing Administration
FHFA Federal Housing Finance Agency
FHLMC Federal Home Loan Mortgage Corporation
FRM fixed-rate mortgage
GAAP generally accepted accounting principles
GSE government-sponsored enterprise
HCLTV home equity combined loan-to-value
HELOC home equity line of credit
HOA homeowners’ association
HOEPA Home Ownership and Equity Protection Act of 1994
HUD Department of Housing and Urban Development
IDR Independent Dispute Resolution
IRS Internal Revenue Service
LLC limited liability company
LLPA loan-level price adjustment
LOS Loan Origination System
LQC Loan Quality Center
LTV loan-to-value
MBS mortgage-backed security
MERS Mortgage Electronic Registration Systems, Inc.
MI mortgage insurance
MIN MERS identification number
MSSC Mortgage Selling and Servicing Contract
NCLTN National Community Land Trust Network
NCUA National Credit Union Administration
NPI Nonpublic personal information
OFAC Office of Foreign Assets Control
P&I principal and interest
PAL price-adjusted loan
PERS Project Eligibility Review Service
PITI principal, interest, taxes, and insurance
PITIA principal, interest, taxes, insurance, and other assessments
PUD planned unit development
RD Rural Development
REMIC Real Estate Mortgage Investment Conduit
REO real estate owned
RHS Rural Housing Service
RIN remote ink-signed notarization
RPM rapid payment method
SFC special feature code
SFHA Special Flood Hazard Area
SIFMA Securities Industry and Financial Markets Association
SMBS stripped mortgage-backed security
SOFR Secured Overnight Financing Rate
TBA to be announced
TILA Truth in Lending Act
T&I taxes and insurance
UCC Uniform Commercial Code
UETA Uniform Electronic Transactions Act
UPB unpaid principal balance
USPAP Uniform Standards of Professional Appraisal Practice
VA U.S. Department of Veterans Affairs

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles


AskPoli

Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.