Glossary of Acronyms

AIF – Attorney In Fact
APR – Annual Percentage Rate
ARM – Adjustable Rate Mortgage
CFPB – Consumer Financial Protection Bureau
CMT – Constant Maturity Treasury
CO – Carbon Monoxide
COO – Certificate of Occupancy
CRMP – Certified Reverse Mortgage Professional
FDIC – Federal Deposit Insurance Corporation
FHA – Federal Housing Administration
FTC – Federal Trade Commission
H4P – HECM for Purchase
HECM – Home Equity Conversion Mortgage
HELOC – Home Equity Line Of Credit
HERA – Housing and Economic Recovery Act
HOA – Home Owners Association
HUD – Housing and Urban Development
IMIP – Initial Mortgage Insurance Premium
LESA – Life Expectancy Set-Aside
LIBOR – London Interbank Offered Rate
LOC – Line of Credit
MIP – Mortgage Insurance Premium
NBS – Non-borrowing Spouse
NCOA – National Counseling On Aging
NCUA – National Credit Union Administration
NMLS – National Mortgage Licensing System
NRMLA – National Reverse Mortgage Lending Association
PL – Principal Limit
PLF – Principal Limit Factors
POA – Power of Attorney
QM – Qualified Mortgage
RESPA – Real Estate Settlement Procedures Act
T&I – Taxes and Insurance
TALC – Total Annual Loan Costs
TPO – Third Party Originator