| Fannie Mae |
| Federal National Mortgage Association (also FNMA) is a private corporation, federally
chartered to provide financial products and services that increase the availability and affordability of housing by
purchasing mortgage loans. |
| Fee Simple Estate |
| The greatest interest in a parcel of land that it is possible to own. Sometimes designated simply as "Fee." |
| Federal Housing Administration (FHA) Guarantee |
| An insurance contract in which HUD through FHA insures that the named lender will recover a specific percentage
of the loan amount from the insurer (FHA) in the event that the loan goes bad. |
| Financing Statement |
| A document filed with the Register of Deeds or Secretary of State securing the title to personal property. |
| Fixtures |
| Any item of property so attached to real property that it becomes a part of the real property. |
| Flood Certification |
| A common term for a Federal Emergency Management Agency (FEMA) Standard Flood Hazard Determination Form
(SFHDF). This determines whether land or a building is located within a Special Flood Hazard Area for purposes of flood insurance
requirements under the National Flood Insurance Program. |
| Forfeiture of Title |
| Provision in a deed creating a condition which will cause title to be passed to another should
certain circumstances occur. |
| Freddie Mac |
| Federal Home Loan Mortgage Corporation (also FHLMC) is a stockholder owned corporation chartered by Congress
that purchases mortgage loans. |
