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MBA CHAPTER 14 TEST QUESTIONS AND ANSWERS ALL CORRECT

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MBA CHAPTER 14 TEST QUESTIONS AND ANSWERS ALL CORRECT What is Regulatory Forbearance? - Answer- A policy not to close economically insolvent FI's, allowing them to continue operation What is the QTL Test? - Answer- Qualified thrift lender test that sets a floor on the mortgage-related assets...

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  • October 30, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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MBA CHAPTER 14 TEST QUESTIONS
AND ANSWERS ALL CORRECT

What is Regulatory Forbearance? - Answer- A policy not to close economically insolvent
FI's, allowing them to continue operation

What is the QTL Test? - Answer- Qualified thrift lender test that sets a floor on the
mortgage-related assets that thrifts can hold (Currently 65 percent)

What are Mutual Organization - Answer- An institution in which the liability holders are
also the owners - for example, in a mutual savings bank, depositors also own the bank

What are Sales Finance Institutions? - Answer- Finance companies, specializing in
loans to customers of a particular retailer or manufacturer

Personal Credit Institutions - Answer- Finance companies specializing in installment and
other loans to consumers

What are Business credit institutions - Answer- finance companies specializing in
business loans

Factoring Process - Answer- The process of purchasing accounts receivable from
corporations (often at a discount), usually with no recourse to the seller should the
receivables go bad

What are Captive Finance Companies? - Answer- A finance company wholly owned by
a parent company

Define Subprime lender - Answer- a finance company that lends to high-risk customers

Who are loan sharks - Answer- Subprime lenders that charge unfairly exorbitant rates to
desperate, subprime borrowers

Define home equity loans - Answer- Loans that let customers borrow on a line of credit
secured with a second mortgage on their home

What are securitized mortgage assets - Answer- Mortgages packaged and used as
assets backing secondary market securities

, What is Mortgage Servicing - Answer- A fee-related business whereby the flow of
mortgage repayments is collected and passed on to investors in whole mortgage loan
packages or securitization vehicles


Of all the depository institutions, as a percentage of assets, credit unions rely the most
on deposit sources of funds.

True False - Answer- True

The policy employed in the 1980s of not closing economically insolvent savings
institutions was called regulatory forbearance.

True False - Answer- True

After deposits, the second largest source of funds at savings institutions is FHLB loans.

True False - Answer- True

Savings institutions must have at least 65 percent of their assets in mortgage-related
areas in order to maintain their favorable tax status and obtain FHLB loans.


True False - Answer- True

In a mutual organization, the depositors are owners of the institution.


True False - Answer- True

Traditionally, most credit union members had a common employer, but increasingly the
required commonality is a common location of either residence or workplace.

True False - Answer- True

Savings institution deposits and bank deposits are backed by two different insurance
funds.

True False - Answer- False

Credit unions are not taxed and, as a result, well-run credit unions are often able to
charge lower loan rates and pay slightly higher deposit rates than banks.


True False - Answer- True

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