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good faith estimate
An estimate of charges which a borrower is likely to incur in connection with a settlement.
hazard insurance
Insurance protecting a property owner against damages or loss to real estate.
housing ratio
The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income, sometimes referred to as the top ratio or front end ratio.
HUD
The U.S. Department of Housing and Urban Development.
index
A published interest rate to which the rate on an Adjustable Rate Mortgage (ARM) is tied, such as the 1 Year Treasury Bill, 6 Month LIBOR, and the 11th District Cost of Funds (COFI).
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