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homestead credit

state governments, that provides reductions in property taxes to eligible households. Source: U.S. Department of Housing and Urban Development

housing counseling agency

variety of issues, including loan default, fair housing, and home buying. Source: U.S. Department of Housing and Urban Development

HUD-1 settlement statement

HUD-1 settlement statement [Department of Housing and Urban Development (which publishes the form) + 1 (indicating its place in a sequence of such forms)] : a form

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hecm (reverse mortgage)

loan association funds the FHA insured loan, commonly known as HECM. Source: U.S. Department of Housing and Urban Development

hud1 statement

statement include real estate commissions, loan fees, points, and escrow amounts. Source: U.S. Department of Housing and Urban Development

interest rate

interest charged on a monthly loan payment, expressed as a percentage. Source: U.S. Department of Housing and Urban Development

inflation

for purchase; inflation results in a decrease in the dollar's value. Source: U.S. Department of Housing and Urban Development

inflation coverage

not adjust for increases in the home's value due to improvements. Source: U.S. Department of Housing and Urban Development

inquisitorial

inquisitorial 1 : constituting or relating to a system of justice in which the judge conducts an inquiry developing the facts of the litigant's case compare accusatorial, adversary 2 : having the authority to conduct official investigations

guaranty fee

principal and interest payments to MBS (Mortgage Backed Security) security holders. Source: U.S. Department of Housing and Urban Development

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