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Federal Fair Housing Law
Federal Fair Housing Law In 1968, Congress enacted Title VIII of the Civil Rights Act, called the Federal Fair Housing Act, which declared a national policy of providing fair housing throughout the United States (reference Sections 3601-3631 of Title 42, United States Code). This law makes discrimination based on race, color, sex, familial status, handicap, religion or national origin illegal in connection with the sale or rental of most dwellings and any vacant land offered for residential construction or use.
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Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Handicap
As defined in the fair housing act, a physical or mental impairment that substantially limits one or more major life activities (walking, seeing, learning, working) or a record of having such an impairment or being regarded as having such impairment.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Use
The specific purpose for which a parcel or a building is intended to be used or for which it has been designed or arranged.
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Federal Advisory Council
An advisory group consisting of one member elected from each of the 12 Federal Reserve Districts who meet with the Federal Reserve Board of Governors at least four times each year to make recommendations on business and financial matters.
Federal Deposit Insurance Corporation (FDID)
An independent federal agency that insures the deposits in commercial banks.
Federal discount rate
The interest rate at which an eligible financial institution may borrow funds directly from a Federal Reserve bank. Banks whose reserves dip below the reserve requirement set by the Federal Reserve's board of governors use that money to correct their shortage.
Federal funds rate
The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. Set by the Federal Reserve Open Market Committee, which meets eight times a year.
Federal Home Board
The board which oversees the Federal Home Loan Bank systems.
Federal Home Loan Bank
Provides liquidity to supervised financial service companies, such as savings and loans and credit unions. The bank system has several districts.
Federal Home Loan Bank system (FHLB)
Regulates the nation's savings and loan associations, much like the Federal Reserve governs the commercial banking industry.
Federal Home Loan Board
The board which charters and forbids discrimination in the sale.
Federal Home Loan Mortgage Corporation (FHLMC)
A federally chartered corporation established to purchase mortgages in the secondary, or resale, market.
Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC)
A government sponsored agency that is also a publicly traded company on the New York Stock Exchange that purchases mortgage loans from mortgage bankers and financial depository institutions.
Federal Housing Administration (FHA)
A federal agency which insures first mortgages, enabling lenders to loan a very high percentage of the sale price.
Federal National Mortgage Association (FNMA)
Popularly known as "Fannie Mae," an active participant in the secondary mortgage market. Fannie Mae was established as a federal agency in 1938 for the purpose of purchasing FHA loans from loan originators to provide some liquidity for government-insured loans in a depression-wracked economy when few lending institutions would undertake this type of loan.
Federal Open Market Committee
This 12-member committee meets eight times a year to set guidelines for the Federal Reserve regarding the sale and purchase of government securities in the open market.
Federal Reserve Bank
The regulatory agency for certain commercial banks and bank holding companies that sets monetary policy for the country and provides liquidity for supervised financial institutions.
Federal Reserve Board
Congress founded the Federal Reserve, the central bank of the United States, in 1913. It conducts the nation's monetary policy and regulates its banks in order to achieve a flexible and stable economy.
Federal Reserve Board of Governors
The seven-member governing board of the Federal Reserve System. Members are appointed by the president and confirmed by the Senate for their 14-year terms.
Federal reserve system ("the fed")
The nation's central bank created by the Federal Reserve Act of 1913. Its purpose is to help stabilize the economy through the judicious handling of the money supply and credit available in this country.
Federal Savings and Loan Insurance Corporation
A federal institution that insures deposits of federally chartered savings and loan associations.
Federal style
The all-American home architecture style that evolved after the Revolutionary War. Details include bigger windows and a front doorway surrounded by glass and topped with an arched window.
Federal tax lien
A lien attached to property for nonpayment of a federal tax.
Federal tax return
The U.S. government's method to identify individual and company's annual tax responsibility. The tax returns identify the income and taxes.
Federal Trade Commission
A federal agency that enforces antitrust and consumer protection laws, including the Truth-in-Lending Act, Fair Credit Billing Act, Fair Credit Reporting Act, Equal Credit Opportunity Act, Fair Debt Collection Practices Act and Home Ownership and Equity Protection Act.
Federal Water Pollution Control Act
Enacted by Congress in 1972, this federal law administered by the EPA regulates the release of pollutants into navigable waters.
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FDIC
Federal Deposit Insurance Corp. An agency of the U.S. government that manages the bank insurance funds, which insure deposits at banks and other qualifying financial institutions up to $100,000 per account in interest and principal.
Fed
Congress founded the Federal Reserve, the central bank of the United States, in 1913. It conducts the nation's monetary policy and regulates its banks in order to achieve a flexible and stable economy.
Federal Advisory Council
An advisory group consisting of one member elected from each of the 12 Federal Reserve Districts who meet with the Federal Reserve Board of Governors at least four times each year to make recommendations on business and financial matters.
Federal Deposit Insurance Corporation (FDID)
An independent federal agency that insures the deposits in commercial banks.
Federal discount rate
The interest rate at which an eligible financial institution may borrow funds directly from a Federal Reserve bank. Banks whose reserves dip below the reserve requirement set by the Federal Reserve's board of governors use that money to correct their shortage.
Federal Fair Housing Law
Federal funds rate
The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. Set by the Federal Reserve Open Market Committee, which meets eight times a year.
Federal Home Board
The board which oversees the Federal Home Loan Bank systems.
Federal Home Loan Bank
Provides liquidity to supervised financial service companies, such as savings and loans and credit unions. The bank system has several districts.
Federal Home Loan Bank system (FHLB)
Regulates the nation's savings and loan associations, much like the Federal Reserve governs the commercial banking industry.
Federal Home Loan Board
The board which charters and forbids discrimination in the sale.
This dictionary contains 6433 terms. |
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