Fhlb stand for - Study guides, Class notes & Summaries

What must a borrower do to avoid having late payments reported to a credit bureau? - ️️Pay within 30 days of due date Max penalty if a borrower is required to use a specific title company or settlement agent? - ️️3 times the fee What should not be over-weighted in an analysis of borrower repayment capacity? - ️️Credit scores Max prepayment penalty on residential mortgages in the first year of the loan - ️️3% What must condominium associations do with respect to proper...

What must a borrower do to avoid having late payments reported to a credit bureau? - Answer - Pay within 30 days of due date Max penalty if a borrower is required to use a specific title company or settlement agent? - Answer - 3 times the fee What should not be over-weighted in an analysis of borrower repayment capacity? - Answer - Credit scores Max prepayment penalty on residential mortgages in the first year of the loan - Answer - 3% What must condominium associations do with respe...