Housing Counselor Exam - Pre Assessment Question and answers already passed 2023
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Course
Housing Counselor
Institution
Housing Counselor
Housing Counselor Exam - Pre Assessment Question and answers already passed 2023
Which is an eligibility factor for the Earned Income Tax Credit? - correct answer Receiving wages
Which situation most likely indicates a loan modification scam? - correct answer The client receives a lett...
Housing Counselor Exam - Pre Assessment Question and answers already passed 2023
Which is an eligibility factor for the Earned Income Tax Credit? - correct answer Receiving wages
Which situation most likely indicates a loan modification scam? - correct answer The client receives a letter from a company guaranteeing a loan modification
Which was instituted by Congress to better protect homebuyers following the most recent housing crisis - correct answer Consumer Finance Protection Bureau
121 Which is an example of a change enacted by Consumer Finance Protection Bureau
(CFPB) that would help a client prepare for the mortgage loan process? - correct answer Easier-to-use mortgage disclosure forms that clearly outline the terms of a mortgage to the borrower
Which initiative encourages recipients of HUD program funding to advocate that lenders
operate in underserved areas - correct answer A rmatively Furthering Fair Housing ffi
Which action taken by a housing counseling agency would a rmatively further fair ffi
housing - correct answer Create an outreach campaign designed to raise awareness about critical housing topics
Affirmatively Furthering Fair Housing - correct answer A rmatively furthering fair ffi
housing focuses on education and prevention, not reacting to violations. The most appropriate activity is to create a targeted outreach campaign. Reporting potential violations is a responsive action, not an a rmative action. Discouraging clients from ffi
leasing with certain landlords could create the appearance of steering and should be avoided. Housing counselors should empower clients to recognize potential violations and protect their fair housing rights so they can view properties on their own.
Which satisfies a housing counseling agency's requirement to A rmatively Further Fair ffi
Housing - correct answer Reviewing marketing materials of local mortgage lenders
Which A rmatively Furthering Fair Housing action might benefit a client - correct ffi
answer Conduct educational initiatives to inform people about fair housing obligations
Which disposition option typically applies to a manufactured home on leased land when the borrower is in default - correct answer Replevin Which is the most likely consequence of a short sale - correct answer The forgiven mortgage deficiency may be treated as taxable income
Means Test - correct answer A means test is a bankruptcy qualification that considers income and equity in assets to determine if a client has the ability to repay part of the debt.
Which is the first step in the loss mitigation submission process - correct answer Determine the reason the client is behind on mortgage payments
Which is the best advice a housing counselor should give the client about an emergency preparedness plan - correct answer Encourage involvement of the entire family
Which is an appropriate feature of a safe room - correct answer Few or no windows
Which is an important characteristic of an emergency point of contact when creating an Emergency Preparedness Plan - correct answer Lives outside the immediate area
During a party at the client's apartment, a friend stumbles over a hoodie and falls down the stairs, crashing into the client. The friend breaks his leg and the client drops his cell phone, breaking it. Which
feature of renter's insurance is most relevant to this incident - correct answer Personal
liability coverage could protect the client from related legal action
Which document should the counselor review with the client to identify spending habits and track expenses - correct answer Bank statement
Which expense is generally considered to be a "want" as opposed to a "need - correct answer Cable
What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher - correct answer 50%
Which is the maximum recommended front-end ratio (or housing ratio) for renting an apartment - correct answer 30%
How should a client apply for the Housing Choice Voucher Program? - correct answer Contact the local Public Housing Authority
Which website provides information on programs to assist homebuyers with down payment assistance - correct answer HUD.gov
In order to minimize the impact on a client's credit score, what is the maximum time frame within which the client should apply for pre-approval from multiple lenders - correct answer A 30-day period
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