Exam (elaborations)
NMLS 57 QUESTIONS AND ANSWERS| 100% CORRECT
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Qualified mortgages do not include risky features. What are they? Correct Answer: Permanent There are four categories of Qualified Mortgages. The following is not included. Correct Answer: No negative amortization, No interest only, no loan terms over 30 years and a limit on points and fees ch...
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