Fannie mae a - Study guides, Class notes & Summaries

Select all that apply. Which of the following fields can be used to search for a loan in Loan Product Advisor (LPA)? - -Property Address -AUS Transaction Number -Borrower Last name -Fannie Mae ID All The opportunity to utilize streamlined appraisal is lost if the lender fails to submit an accurate address for the subject property to Desktop Underwriter (DU). - False* What is the primary role of the GSEs, Fannie Mae and Freddie Mac? - Buy mortgages and create mortgage-backed securities ...

Xinnix SOAR Final Questions With Verified Answers Graded A+ FNMA and FHLMC are what type of loan? conforming the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies true conventional loans are not insured by the federal government true Agency loans include FHA and VA loans true the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool t...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Florida Real Estate U Final Exam Answered 2023/2024 Florida Real Estate U Final Exam Answered 2023/2024 An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect?...

Real Estate Finance In a lien theory state, who holds the equitable title? A. Trustor B. Beneficiary C. Trustee D. Lender - correct answer Trustor All of the following are examples of primary market participants EXCEPT A. Commercial bank B. Credit union C. Fannie Mae D. Life insurance company - correct answer C. Fannie Mae The ups and downs of the real estate activities are described as A. The law of supply and demand B. The market value of real estate C. Economic cycles ...

What is a corporation or trust that functions like a mutual fund for real estate, by combining the capital of many investors to acquire real estate? a. General partnership b. Land trust c. Syndication d. REIT - d. REIT The federal financial institutions regulatory agencies directly involved in fair lending include all of the following EXCEPT: a. Fannie Mae b. FDIC c. OCC d. FRB - a. Fannie Mae The median price of homes sold in your county 6 months ago was $224,650. Prices have been...

Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and pro...

Real Estate FinanceIn a lien theory state, who holds the equitable title? A. Trustor B. Beneficiary C. Trustee D. Lender - correct answer Trustor All of the following are examples of primary market participants EXCEPT A. Commercial bank B. Credit union C. Fannie Mae D. Life insurance company - correct answer C. Fannie Mae The ups and downs of the real estate activities are described as A. The law of supply and demand B. The market value of real estate C. Economic cycles D...

The real estate brokerage and sales profession remained entirely unregulated throughout the 1900s. a. True b. False <~~> a. False 1.2 The event that led to the regulation of the appraisal profession was the: a. Great Depression b. Savings and Loan Crisis c. Wall Street and Subprime Loan Crisis d. Watergate <~~> b. Savings and Loan Crisis 1.3 What entity was referenced in FIRREA as a recognized source for appraisal standards and appraiser qualifications? 1 | P a g e |...