Nmls tests term Study guides, Class notes & Summaries
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California State NMLS Practice Test Graded A+, 2022/2023
- Exam (elaborations) • 41 pages • 2023
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California State NMLS Practice Test Graded A+, 2022/2023 
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California State NMLS Practice Test Graded A+ "Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System , and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C D. A borrower approaches a lender to refinance their existing negative a...
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NMLS 20 Hour SAFE Test Prep (Answered)
- Exam (elaborations) • 15 pages • 2022
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The Mortgage Lending Industry - ANSWER-Segment 1 
 
Which one of the following is NOT an alternative term used to refer to a savings and loan institution? 
-Mutual savings bank 
-Thrift institution 
-Mortgage banker 
-Savings and loan association - ANSWER-Mortgage banker 
 
A non-institutional lender would be: 
-a seller of collateralized mortgage obligations 
-a seller offering a purchase money mortgage to a buyer 
-an insurance company 
-a mutual savings bank - ANSWER-a seller offering a purc...
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