AYPO Real Estate: Real Estate Finance Final Exam Review questions with correct answers
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Course
Real eatate
Institution
Real Eatate
Which of these is not among the generally reliable market source for home finance? Correct Answer-Inheritance
An amortized loan is best described by which of the following? Correct Answer-One that is paid off with a fixed schedule in regular installments over time.
Which of these is not one o...
AYPO Real Estate: Real Estate Finance Final Exam
Review questions with correct answers
Which of these is not among the generally reliable market source for
home finance? Correct Answer-Inheritance
An amortized loan is best described by which of the following? Correct
Answer-One that is paid off with a fixed schedule in regular installments
over time.
Which of these is not one of the four phases of the real estate cycle?
Correct Answer-Demand
Investment products (such as securities) are purchased and/or exchanged
in the: Correct Answer-1. Primary market
2. Secondary market
Which of these financial resources in not a credit reporting agency?
Correct Answer-Standard and Poor's
The Federal Reserve System does not directly control which of the
following? Correct Answer-1. Levels of employment.
2. National production.
3. Inflation.
,Which of these is not a negotiable instrument? Correct Answer-Crossed
check
Which of these IS NOT a function of the Dept. of the Treasury? Correct
Answer-Providing home loans directly to consumers
Which of these is a major focus area of the FDIC? Correct Answer-1.
Bank deposit insurance
2. Receivership management
3. Banking regulation supervision
Which of these cities IS NOT home to one of the 11 regional FHLBs?
Correct Answer-Seattle
What occurs in secondary capital markets? Correct Answer-Securities
are traded between investors
Government-sponsored agencies that provide support to the real estate
finance industry include which of the following? Correct Answer-1.
Federal Deposit Insurance Corporation (FDIC)
2. U. S. Department of the Treasury
3. Federal Home Loan Banks
The FHA assists in providing mortgage insurance for all of these, except
for which of the following? Correct Answer-Retail business
establishments.
, If a borrower has credit scores above 580, the required downpayment on
an FHA-backed loan is normally what percent of the value of the
property? Correct Answer-3.50%
Which of these acts revised the mortgage lending disclosures effective
as of October 2015? Correct Answer-TILA-RESPA
What is the purpose of a Certificate of Eligibility? Correct Answer-To
verify that the borrower is in fact allowed to receive a VA loan
Which of the following is a part of the Making Home Affordable®
Program? Correct Answer-The Principal Reduction Alternative
Which of these is a housing resource in Texas? Correct Answer-1.
TSAHC
2. HUD - Texas
3. TDHCA
Agricultural loans make up approximately ___ of all bank loans. Correct
Answer-1%
Which of these IS NOT required to request a Loan Estimate from a
lender? Correct Answer-Borrower employment history
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