Fannie mae a - 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...

Xinnix Quiz Questions with 100% Correct Answers Ginnie Mae was wholly created to purchase government mortgages on the secondary market - Answer- false which of the following was not a reason The Federal Housing Administration (FHA) was created - Answer- to simplify mortgage forms match in order of creation - Answer- 1st-FNMA 2nd-GNMA 3rd-FHLMC match the following - Answer- FNMA-fannie mae FHLMC-Freddie Mac what allowed more conventional mortgages to be originated in the early 1970s wit...

An Approve/Eligible determination: 1. Is an indication that a property appraised for its sales price 2. Authorization to release funds in a refinance transaction 3. An automated loan approval from the Fannie Mae Du system 4. A recommendation that is received by the Freddie Mac loan prospector automated underwriting system. - 3. An automated loan approval from the Fannie Mae Du system.. this means that the borrower meets the credit requirements and all other loan factors are acceptable. The...

BA Principles Final Exam Review with Verified Answers (Graded A) |Latest 2024/2025 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...

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...

Basic Appraisal Procedures Exam Questions and Answers (2024 / 2025) With Verified Answers When developing an appraisal, you calculate the following GRMs for comparable properties: 94.3, 90.1, 95.6, 109.2, 84.5, 100.7, 99.9. What is the mean of the GRMs? 96.3 "The process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing" is the definition of mass appraisal What is the most common type of framing...

Real Estate Finance 1 - Texas, Champions School of Real Estate – Finance Latest Update 100% Pass Loan Processing 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 The process of evaluating a borrowers loan application to determine the risk involved for the lender. Funding The process of transferring funds to a title or escrow company for disbursement. Servicing Sending monthly pa...

Basic Appraisal Principles Questions and Answers (2024 / 2025) | 100%Solved When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser mu...

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 payment ...

Who is the largest purchaser in the secondary market? Fannie Mae Which transaction requires a securities license? Selling shares in Fannie Mae How many NREC members must be licensed salespersons? 1 unless otherwise stated in written agreement, how often must fees and commission be removed from a property management escrow account? monthly which party completes a residential property disclosure statement? seller the term for a member of the real estate commission is? Master01 | ...