Exam (elaborations)
Champions Real Estate Finance: Q&A
- Course
- Institution
Champions Real Estate Finance: Q&A
[Show more]
Seller
Follow
LeCrae
Reviews received
Content preview
Champions Real Estate Finance: Q&A_____ is the consummation of a contractual real estate transaction in which all
appropriate documents are signed, and the mortgage loan proceeds are
disbursed by the lender. Correct Ans - Closing
The primary determinants of real estate values are supply and _____.
Correct Ans - Demand
_____ is something of value that can be pledged as security for repayment of a
loan. Correct Ans - Collateral
Servicing includes which of the following activities? Correct Ans -
Maintaining records of payment
The monetary policies of the _____affects interest rates and the availability of
funds. Correct Ans - Federal Reserve
An excess supply of money in the market results in monetary _____. Correct
Ans - Inflation
Which agency insures deposits in banks and thrift institutions for up to
$250,000? Correct Ans - The Federal Deposit Insurance Corporation
The _____ is the interest rate a reserve bank charges eligible financial
institutions to borrow funds on a short-term basis. Correct Ans -
Discount rate
Raising taxes and increasing borrowing are two ways at the treasury level to:
Correct Ans - Raise funds to pay for government spending
The Fed uses three primary monetary policy tools to influence the cost and
availability of credit: open market operations, the discount rate, and _____.
Correct Ans - Reserve requirements
When the costs of production and services increase, causing manufacturing
prices to rise, it is called _____. Correct Ans - Cost-push inflation
, Which of the following transactions is exempt from RESPA? Correct Ans -
Temporary loans
Under the _____, the use of certain terms in an advertisement triggers the need
for full disclosure of lending terms. Correct Ans - Truth in Lending Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act established
the _____. Correct Ans - Consumer Financial Protection Bureau
How can Sylvia ensure that Victor is properly licensed as an RMLO?
Correct Ans - She can look him up in the NMLSR
The secondary mortgage market was designed to provide greater liquidity to
the residential real estate market, primarily by _____. Correct Ans - The
sale of mortgage loans as investments
Loans originated to adhere to Fannie Mae, Freddie Mac, and Ginnie Mae
requirements for purchase are called _____. Correct Ans - Conforming
loans
Which of the following housing objectives does Fannie Mae address?
Correct Ans - Regional imbalances of available mortgage credit, The
origination of mortgages for sale, The standardization of mortgage loans
A _____ lender is one who funds mortgage loans from deposits on hand,
retaining the loans long term. Correct Ans - Portfolio
is a government-sponsored enterprise with the mission of providing a
secondary market for agricultural real estate mortgage loans, rural housing
mortgage loans, and rural utility cooperative loans. Correct Ans -
Farmer Mac
The secondary market provides greater _____ to the residential real estate
market by providing a steady supply of funds from investors. Correct Ans
- Liquidity
Fannie Mae operates with _____ to enhance the flow of funds through the
secondary market to home buyers. Correct Ans - Private capital
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now