Texas Real Estate Finance Exam Study Guide with Complete Solutions
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Module
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Finance Exam Study
Guide with Complete Solutions
The _______ market refers to the selling and purchasing of closed real estate mortgage
loans. - Answer️️ -secondary
The secondary market is a national market in which mortgages secured by real estate in
all parts of the Uni...
________ ____ is the rate the Federal Reserve charges its member bank to borrow
money - Answer✔️✔️-Discount rate
_______ _____ must belong and any state banks that wish may join the Federal
Reserve System. - Answer✔️✔️-National banks
_______ _____ _____ _____(___) is a federal agency that insures deposits in
commercial banks up to $250,000 and , along with the Federal Reserve System,
regulates banks and banking procedures. - Answer✔️✔️-Federal Deposit Insurance
Corporation (FDIC)
_____ _____ is the total of all the loans that a financial institution or other lender holds
at a given time. A list, distribution, or grouping of mortgage loans. - Answer✔️✔️-Loan
Portfolio
____ ____ is the sale of a property where the lender agrees to settle for less than the
amount owed on the property - Answer✔️✔️-Short sale
_______: In the Texas Constitution, a principle residence of a family or adult single
person is protected from forced sale for all debt except: property taxes; federal tax liens
of both spouses; a home equity lien.....etc... - Answer✔️✔️-Homestead
____ ____ and ______ _______ are not the same thing. - Answer✔️✔️-Community
property and joint tenancy
_____ ____ put a cap on interest rate. - Answer✔️✔️-Usuary laws
______ is the state law that prohibits the charging of an interest rate in excess of the
legal limit. - Answer✔️✔️-Usury
_____ _____ are created to protect the borrower. - Answer✔️✔️-Usuary laws
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