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
Finance 3713 Final, FIN 3713 Exam 3, Financial Accounting Final Exam Questions and Complete Solutions Graded A+ $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. CFIN Financial Accounting
  4.  
  5. CFIN Financial Accounting

Exam (elaborations)

Finance 3713 Final, FIN 3713 Exam 3, Financial Accounting Final Exam Questions and Complete Solutions Graded A+
 5 views  0 purchase
  • Course
  • CFIN Financial Accounting
  • Institution
  • CFIN Financial Accounting

Finance 3713 Final, FIN 3713 Exam 3, Financial Accounting Final Exam Questions and Complete Solutions Graded A+

Preview 3 out of 25  pages

Document information

  • August 21, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finance 3713 final fin 3713 exam 3 financial acc

Written for

  • CFIN Financial Accounting
  • CFIN Financial Accounting

Seller

avatar-seller
YourExamplug

Reviews received

Content preview

Finance 3713 Final, FIN
3713 Exam 3, Financial
Accounting Final Exam
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]

,Property rights can be divided into to classes; real and personal. What is an example of real property? -
Answer: Commercial Building



NINA Stands for: - Answer: No Income No Asset



While a variety of loan terms are available, the most common loan term on a fixed rate mortgage is: -
Answer: 30 years



What term BEST describes a person that owns a property and is conveying title to the property to
another person? - Answer: Grantor



CDO stands for: - Answer: Collateralized Debt Obligation



What document conveys title to a property at the time the purchaser completes the performance of the
obligation called for in the document? It is often used in seller financing. - Answer: Land contract



An historical summary of the publicly recorded documents that affect the ownership of a property
known as a(n): - Answer: Abstract



According to the IMF, the Global Pool of Money doubled during which time frame? - Answer: Early
2000s



The global pool of money doubled to what size? - Answer: $70 Trillion



TRUE/FALSE: A clause which specifies that the mortgagor will pay all property taxes and other charges
assessed against the property, eve if these charges have priority over the mortgage is typically included
in mortgage. - Answer: TRUE



What was the rating that was given to many of these securities during the housing boom? - Answer:
AAA

, According to the radio program, what was the year that credit standards really begun to start fallin in
the mortgage business? - Answer: 2003



Wall street created a new vehicle, the CDO for these professional money managers hungering for a fixed
rate investment. The CDO's were made up of pools of: - Answer: Mortgage Backed Securities



What legal document conveys title from one person to another? - Answer: Deed



A mortgage is BEST defined as a legal document that: - Answer: names real estate as the security or
collateral for the repayment of a loan.



According to the radio program, from 2000 to 2006 housing prices were _____ and income was
_______. - Answer: rising quickly, remaining flat



What type of estate lasts for an indefinite period of time? - Answer: Freehold Estate



What is meant by "highest and best use"? - Answer: determining highest total land and property value
by possible use



What is the description of the risk positions of an ARM lender in comparison to that of a FRM lender? -
Answer: Interest rate is lower, but default risk is higher.



In considering a 3/1 adjustable-rate mortgage, the interest rate will be fixed for how many years? -
Answer: 3 years



An appraisal usually contains three approaches to valuation. What are those three valuations? -
Answer: Market Approach

The Cost Approach

The Income Approach

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 YourExamplug. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80364 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
$13.49
  • (0)
  Add to cart