Delinquencies - Study guides, Class notes & Summaries

HUD Certification Exam Questions and Answers Already Passed Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piec...

HUD Exam Prep Questions and Answers 100% Pass % Impact of Account Payment History on Credit Score - Correct Answer ️️ -35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - Correct Answer ️️ -30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - Correct Answe...

% Impact of Account Payment History on Credit Score correct answer35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score correct answer30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score correct answer15% portion of score based don the overall length of credit history i...

% Impact of Account Payment History on Credit Score - Correct answer-35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - Correct answer-30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - Correct answer-15% portion of score based don the overall length of credit ...

HUD Exam Prep Question and answers rated A+ 2024 % Impact of Account Payment History on Credit Score - correct answer 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - correct answer 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - correct answer ...

Loan Processing - Answer The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting - Answer The process of evaluating a borrowers loan application to determine the risk involved for the lender. Funding - Answer The process of transferring funds to a title or escrow company for disbursement. Servicing - Answer Sending monthly payment statements and collecting monthly payments, maintaining ...

Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - ACCURATE ANSWERS Servicing The process of creating a new mortgage loan - ACCURATE ANSWERS Origination The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision - ACCURATE ANSWERS Loan Processing The process of transferring funds to a title or escrow company for disbursement - A...

CCUFC TEST CH 2 QUESTIONS & ANSWERS 2024/2025 Financial counseling can help members in other ways that financially such as: - ANSWERShelp restore relationship, pay off debts, attain financial security, and make it possible to achieve long term goals _______ will need financial counseling at some point - ANSWERSeveryone ________ shifts within a community may also impact the number of members who need financial counseling - ANSWERSeconomic Many credit unions offering counseling servi...

CTC Exam With 100% Correct Answers 2023 land - Correct Answer-all real property may also use tract or parcel QFarm - Correct Answer-3A and 3B are considered single item for tax sale purposes municipality - Correct Answer-any political subdivision on the local level which has the statutory power to assess and collect ad valorem taxes municipal liens - Correct Answer-all liens; not just taxes may include interest penalties costs attributable to a tax sale water sewer and electric charges...

Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - Answer-Servicing The process of creating a new mortgage loan - Answer-Origination The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision - Answer-Loan Processing The process of transferring funds to a title or escrow company for disbursement - Answer-Funding The process o...