Over 10,000 financial glossary terms...
Random Glossary Terms
Housing and Urban Development (HUD): A U.S. government agency responsible for the major federal housing programs, such as FHA insurance and community development programs.
Fixed-term reverse mortgage: A mortgage in which the lending institution provides payments to a homeowner for a fixed number of years.
PITI: Stands for principal, interest, taxes, and insurance, the four main parts of monthly mortgage obligations.
Federal Reserve District (Reserve district or district): One of the twelve geographic regions served by a Federal Reserve Bank.
Horizontal Equity: The concept that people in the same income group should be taxed at the same rate. "Equals should be taxed equally."
