APR: Annual Percentage Rate
ARM: Adjustable Rate Mortgage
C to C: Clear to Close
CC: Closing Costs
EM: Earnest Money
FHA: Federal Housing Authority
FHLMC: Federal Home Loan Mortgage Corporation
FHLMC: Freddie Mac. Federal Home Loan Mortgage Corporation
FMV: Fair Market Value
FNMA: Fannie Mae. Federal National Mortgage Association
FNMA: Federal National Mortgage Association
FRM: fixed-rate mortgage
GFE: Good Faith Estimate
GPM: Graduated Payment Mortgage
HELOC: Home Equity Line of Credit
HUD: Housing and Urban Development
HUD1: Settlement Statement
ICPL: Insured Closing Protection Letter
LIBOR: London Interbank Offered Rate
LO: Loan Officer
LOX: Letter of Explanation
LTV: Loan to Value
LVR: Loan to Value Ratio
MI: Mortgage Insurance
MIP: mortgage insurance premium
OT: overtime
PITI: principal, interest, taxes and insurance
PITI: Principal-Interest-Taxes-Insurance
PMI: Private Mortgage Insurance
POC: Paid Outside of Closing
PUD: Planned Unit Development
RESPA: Real Estate Settlement Protection Act
RMCR: Residential Mortgage Credit Report
SP: Sales Price
TIL: Truth in Lending
TILA: Truth in Lending Act
URAR: Uniform Residential Appraisal Report
URLA: Uniform Residential Loan Application
VA Loan: Veterans Administration Loan
VOD: Verification of Deposit