100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
HUD Exam - Avoiding Foreclosure Questions and Answers with Complete Solutions CA$13.77   Add to cart
Quickly navigate to
Preview
  2.  
  3. HUD - Avoiding Foreclosure
  4.  
  5. HUD - Avoiding Foreclosure

Exam (elaborations)

HUD Exam - Avoiding Foreclosure Questions and Answers with Complete Solutions

1 review
 13 views  0 purchase
  • Course
  • HUD - Avoiding Foreclosure
  • Institution
  • HUD - Avoiding Foreclosure

HUD Exam - Avoiding Foreclosure Questions and Answers with Complete Solutions The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off ...

[Show more]

Preview 3 out of 20  pages

Document information

  • January 18, 2023
  • 20
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • hud exam avoiding foreclosure questions and answers with complete solutions the following contributed to the increase in foreclosure rates
  • except a subprime lending b risky loan products with fe

Written for

  • HUD - Avoiding Foreclosure
All documents for this subject (8)

1  review

review-writer-avatar

By: keithmadison904 • 1 year ago

No real test questions from the actual test with correct answers...

Seller

avatar-seller
BrilliantScores

Reviews received

Content preview

HUD Exam - Avoiding Foreclosure
Questions and Answers with Complete
Solutions
The following contributed to the increase in foreclosure rates, except:

A. Subprime lending

B. Risky loan products with feature like negative amortization

C. Demand from the secondary market

D. Homeowners paying off mortgages early


E. Using teaser rates to qualify more borrowers. ✔✔D. Homeowners paying off mortgages early.




Making Home Affordable was created in order:

A. To make it easier for borrowers to understand loan terms, to require homeownership

counseling for some mortgages, and to expand protection

B. To help homeowners avoid foreclosure, stabilize the housing market, and improve the

economy.

C. To enable 18 states and the District of Columbia to develop locally tailored programs to assist

struggling homeowners in their communities.


D. To penalize five financial institutions for deceptive lending and foreclosure practices ✔✔B.

To help homeowners avoid foreclosure, stabilize the housing market, and improve the economy.

,The Consumer Finance Protection Bureau was created:

A. To penalize five financial institutions for deceptive lending and foreclosure practices.

B. To make it easier for borrowers to understand loan terms, to require homeownership

counseling for some mortgages, and to expand protections

C. To create a federal agency charged with addressing failures of consumer protection

D. To help homeowners avoid foreclosure, stabilize the housing market, and improve the

economy ✔✔C. To create a federal agency charged with addressing failures of consumer

protections




The National Mortgage Settlement was created:

A. To make it easier for borrowers to understand loan terms, to require homeownership

counseling for some mortgages, and to expand protections

B. To enable 18 states and the District of Columbia to develop locally tailored programs to assist

struggling homeowners in their communities

C. To help homeowners avoid foreclosure, stabilize the housing market, and improve the

economy


D. To penalize five financial institutions for deceptive lending and foreclosure practices. ✔✔D.

To penalize five financial institutions for deceptive lending and foreclosure practices

, Issuance of New Morgage Rules was created in order:

A. To make it easier for borrowers to understand loan terms, to require homeownership

counseling for some mortgages, and to expand protections.

B. To enable 18 states and the District of Columbia to develop locally tailored programs to assist

struggling homeowners in their communities.

C. To create a federal agency charged with addressing failures of consumer protection.


D. To penalize five financial institutions for deceptive lending and foreclosure practices ✔✔A.

To make it easier for borrowers to understand loan terms, to require homeownership counseling

for some mortgages, and to expand protections.




The Hardest-Hit Fund was created in order:

A. To make it easier for borrowers to understand loan terms, to require homeownership

counseling for some mortgages, and to expand protections.

B. To enable 18 states and the District of Columbia to develop locally tailored programs to assist

struggling homeowners in their communities.

C. To create a federal agency charged with addressing failures of consumer protection.

D. To help homeowners avoid foreclosure, stabilize the housing market, and improve the

economy. ✔✔B. To enable 18 states and the District of Columbia to develop locally tailored

programs to assist struggling homeowners in their communities.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 BrilliantScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$13.77. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Other ·

(0)

NR 224 FINAL EXAM STUDY GUIDE LATEST:LATEST 2021 | CHAMBERLAIN COLLEGE OF NURSING

CA$13.77
  • (1)
  Add to cart