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Mortgage Acronyms

Decode the abbreviations used in lending, real estate and mortgage preparation. Understand what the letters mean before discussing the details.

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80 entries

AFS: Annual Audited Financial Statements
ARRA: American Recovery and Reinvestment Act (historical legislation)
BEDI: Brownfields Economic Development Initiative (program-specific/historical reference)
BLI: Budget Line Item (in LOCCS)
BLS: Bureau of Labor Statistics, U.S. Department of Labor
BOSS: Budget Outlay Support System
BRI: Brownfields Redevelopment Initiative
Budget Authority: Legal authority to enter into financial obligations
CBD: Commerce Business Daily (historical publication terminology)
CDBG: Community Development Block Grant
CEF: Community Empowerment Fund (program-specific reference)
CFCF: Capital Fund Education and Training Community Facilities
CFFP: Capital Fund Financing Program
CFO: Chief Financial Officer
CFP: Capital Fund Program
CFR: Code of Federal Regulations
CHAS: Comprehensive Housing Affordability Strategy
CHDO: Community Housing Development Organization
CIO: Chief Information Officer
CITI: Correcting Incorrect Tenant Identifiers
CMHI: Cooperative Management Housing Insurance Fund
CoC: Continuum of Care
COCC: Central Office Cost Center
COE: Army Corps of Engineers
Con Plan: Consolidated Plan
Continuum of Care: An approach/program framework addressing homelessness; current program details must be checked separately
Contract Authority: Budget authority permitting specified contracting or obligations before an appropriation for payment
CPD: Community Planning and Development (HUD)
CPU: Cost Per Unit (total cost divided by number of units)
CSI: Community Strategies Institute
DAP: Down Payment Assistance Program or Development Application Processing, depending on context
DARTS: Departmental Accounts Receivable Tracking/Collection System
Data Warehouse: An information system used to store program and operational data
Davis Bacon: Federal prevailing-wage requirements for certain covered work; applicability requires professional review
DCR: Debt Coverage Ratio; calculation conventions depend on the context and lender
DEC: Departmental Enforcement Center
DHAP: Disaster Housing Assistance Program (program-specific reference)
DOT: Declaration of Trust; the same letters can have other meanings in other contexts
DSCR: Debt Service Coverage Ratio
DUNS: Dun & Bradstreet numbering system; identifier requirements depend on the organization or program
EA: Environmental Assessment
EC: Enterprise Community or Enforcement Center, depending on context
EDA: Economic Development Administration
EDI: Economic Development Initiative
EDSS: Economic Development and Supportive Services
EEO: Equal Employment Opportunity
EGI: Effective Gross Income (gross potential income less vacancy loss plus other income, under the stated assumptions)
EIV: Enterprise Income Verification
EMAD: Economic and Market Analysis Division
EPA: U.S. Environmental Protection Agency
EZ: Empowerment Zone
FAR: Federal Acquisition Regulation
FEMA: Federal Emergency Management Agency
FERA: Front-End Risk Assessment
FHA: Federal Housing Administration
FHIP: Fair Housing Initiatives Program
FHLMC: Federal Home Loan Mortgage Corporation (Freddie Mac)
FNMA: Federal National Mortgage Association (Fannie Mae)
FOIA: Freedom of Information Act
FY: Fiscal Year
Ginnie Mae: Government National Mortgage Association
GIS: Geographic Information System
HARP: Home Affordable Refinance Program (historical program; this listing is not an availability claim)
HOPE VI: Program for Revitalization of Severely Distressed Public Housing (historical/program-specific reference)
HUD: U.S. Department of Housing and Urban Development
IBS: Integrated Business System
IRR: Internal Rate of Return
MBA: Mortgage Bankers Association
MBE: Minority Business Enterprise
MBS: Mortgage-Backed Securities
MDDR: Multifamily Delinquency and Default Reporting
MHA: Making Home Affordable (historical/program-specific reference)
NOI: Net Operating Income (effective gross income less applicable operating expenses)
NPV: Net Present Value
PFS: Pre-Foreclosure Sale
PHA: Public Housing Authority
PV: Present Value
REO: Real Estate Owned
USDA: U.S. Department of Agriculture
VA: U.S. Department of Veterans Affairs

These definitions are educational, not a lender quote, eligibility decision or interpretation of your legal documents. Program-specific meanings and requirements can vary. Ask your Mortgage Advisor about the terms that apply to your transaction.

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