Real Estate Glossary

The following are some common real estate terms you may run across during the process of buying or selling your home.

Home Mortgage Disclosure Act (HMDA)

The Home Mortgage Disclosure Act of 1975, as amended in 1989, requires most financial institutions and mortgage lenders that make mortgage loans, home improvement loans, or home refinance loans to collect and disclose information about their lending practices. Office Of The Assistant Secretary For Housing-Federal Housing Commissioner Mortgagee Letter 94-22, May 4, 1994

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