Dictionary

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Farm Service Agency (FSA)

An agency of the U.S. Department of Agriculture that makes and guarantees loans and provides credit counseling and supervision to farmers and ranchers who are temporarily unable to obtain private, commercial credit.

Farmer Mac

A secondary market for farm real estate loans; the Federal Agriculture Mortgage Corporation.

Federal Agriculture Mortgage Corporation

See Farmer Mac.

Federal Crime Insurance

A federally administered program that makes crime insurance available and affordable to risks that might otherwise have found coverage difficult to obtain.

Federal Emergency Management Agency (FEMA)

A government agency that sets programs standards for flood insurance.

Federal Home Loan Mortgage Corporation (FHLMC)

See Freddie Mac.

Federal Housing Administration (FHA)

An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing.

Federal Judgment Lien

Lien obtained by the United States or an agency department, commission, board, or other U.S. entity that affects all real and personal property of the judgment debtor.

Federal National Mortgage Association (FNMA)

See Fannie Mae.

Federal Reserve System

A central banking system designed to manage the nation’s economy; “the Fed”.