Fair Housing Act at Mortgage Glossary
What is it? Prohibits the denial or variance of the terms of real estate related transactions based on race, color, religion, sex, national origin, disability, or familiar status of the credit applicant. Real estate related transactions include a mortgage, home improvement, or other loans secured by a dwelling.Mortgage Dictionary Term Added By: Chase
The Fair Housing Act definition has been viewed 84 Time(s)!
Send To Friends!
If you'd like to send the Fair Housing Act definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Fair Housing Act. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Mortgage Terms:
Mortgage Term Adjusted book basis is The purchase price of a property plus any capital improvements less accrued depreciation, if any, to the date of the sale.Mortgage Term Syndication is A descriptive term for a group of two or more people united for the purpose of making and operating an investment. A syndication may operate in the form of a REIT, corporation, general partnership, limited partnership or even as tenancy in common.
Mortgage Term Acquisition cost is Under an FHA loan, the purchase price or appraised value of the property plus the estimated closing costs.
Mortgage Term Right to rescission is A provision in the federal Truth-in-Lending Act that allows borrowers to cancel certain kinds of loans within three days of signing.
Mortgage Term Owner financing is A transaction in which the seller of a property agrees to finance all or part of the purchase.