Ginnie mae - Study guides, Class notes & Summaries

Texas Principles of Real Estate II (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct Q: Principle of Contribution? Answer: A component part of a property is valued in proportion to its contribution to the value of the whole. Holds that maximum values are achieved when the improvements on a site produce the highest (net) return, commensurate with the investment. Q: Principle of Competition? Answer: Holds that profits tend to breed competition and excess profits tend to...

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 ...

Xinnix SOAR Final Questions and Answers Already Passed FNMA and FHLMC are what type of loan? - Answer ️️ -conforming the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies - Answer ️️ -true conventional loans are not insured by the federal government - Answer ️️ -true Agency loans include FHA and VA loans - Answer ️️ -true the proceeds of a loan for cash out refinance may be ...

REE4204 EXAM QUESTIONS WITH CERTIFIED ANSWERS Environment of real estate - Answer-the institutions that create and purchase real property and the markets within which they are transferred financial intermediaries - Answer--the financial institutions that channel funds from the surplus income units to the deficit income units -commercial banks -thrift instituions- S&L associations and mutual savings banks -investment companies-pool the funds of savers and invest the funds in a portfolio ...

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...

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...

Principles of Real Estate 2 Champions School of Real Estate ECOA (equal credit opportunity act) all consumers are given a equal chance to obtain credit. Truth in Lending Act (TILA) protect consumers in credit transactions by requiring a clear disclosure of the key terms on the lending agreement and all costs. specifies requirements found in regulation z. trigger terms 1. amount of down payment. t of any payment 3. number of payments or period of repayment 4. amount of any finance ...

Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - ANSWER-d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calenda...

McKissock - Basic Appraisal Principles- GA Ch.11 Questions and Answers Graded A+ The principal operators in the secondary mortgage market include pension funds, insurance companies, corporate investors Fannie Mae, Freddie Mac, Ginnie Mae Fannie Mae, Sallie Mae, Ginnie Mae FHA, VA, USDA Fannie Mae, Freddie Mac, Ginnie Mae True or False? Fannie Mae and Freddie Mac are now defunct. false 0:03 / 0:15 Fannie Mae purchases ______ loans on the secondary market. conventional ...

secondary mortgage market -banks have the option to sell off the loan investors -After the loan is sold (either at a discount for less that its worth or at a premium for more than it's worth) the mortgagor may either make payments directly to the loan's new owner, or they might keep paying the original lender who will forward their payments. Helping Families Save Their Homes Act The mortgagor does not need to consent to the sale of the loan, but they must be informed (part o...