Subordination clause - Study guides, Class notes & Summaries

Champions School Of Real Estate ( Real Estate Finance) 2024 Tested A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - CORRECT ANSWER-Non-Conforming Loan VA - CORRECT ANSWER-Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity - CORRECT ANSWER-Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required ...

2024 ETS MAJOR FIELD TEST (PRACTICE TEST): BACHELOR'S DEGREE IN BUSINESS ACTUAL QUESTIONS AND ANSWERS -PERFECT WILL PASS!!!! The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Ans- d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seek...

The amount the borrower makes prior to any deductions for taxes or insurance is: A) Guaranteed income B) Net income C) Gross income D) Gross margin - Gross income _______: In the Texas Constitution, a principle residence of a family or adult single person is protected from forced sale for all debt except: property taxes; federal tax liens of both spouses; a home equity lien.....etc... - Homestead ______ ______ ____: lenders use what is called a front-end ratio, which is reflected as a pe...

Legal Aspects of Real Estate Chapter 11 Already Passed What conveys title rights in a property over to an assigned trustee? A right of assignment A subordination clause A deed of trust A release of deed A deed of trust What was passed by Congress in 1977 to prevent redlining and to encourage banks and thrifts to help meet the credit needs of all segments of their communities, including low-and moderate-income neighborhoods? The Economic Recovery Act The Equal Opportunity Act The Tax Reli...

Champions School of Real Estate - Real Estate Finance Exam || Questions & Answers (100% Verified) Champions School of Real Estate - Real Estate Finance Exam || Questions & Answers (100% Verified) A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - ANSWER - Non-Conforming Loan VA - ANSWER - Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity - ANSWER - Cash price minus the loan balance A clause of...

Which one of the following is not part of a bond covenant? A. Dividend restrictions B. Collateral C. Subordination clause D. Sinking Fund E. Closed-end Fund - E. Closed-end fund Which three of the following are not open to the general public in the UK? I. Hedge Funds II. Mutual Funds III. Pension Funds IV. Sovereign Wealth Funds V. unregulated collective investment schemes (UCIS) A. II, III and V B. I, IV and V C. II, III and IV D. I, II and III E. I, II and IV - e. ...

NJ REAL ESTATE ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties? a. any commercial real estate b. an apartment building c. a six family dwelling unit d. a single family residential vacant lot - Answer-d. a single family residential vacant lot A seller is interested in providing financing to the buyer of her homes, but she wants to retain title until th...

For all practical purposes, an "Alienation Clause" is basically the same as a: a) Call Clause b) Acceleration Clause c) Due on Sale Clause d) Defeasance Clause - ANSWERSc) Due on Sale Clause When the lender determines the amount of money to loan to a borrower by using a percentage of the property's appraisal or sales price, they are trying to determine the: a) Loan-to-Value Ratio b) Interest rate for the loan c) Origination fees d) Borrower's ability to repay the loan - ANSWERSa) ...

SAFE Mortgage Loan Originator Test Questions And Answers (Verified And Updated) Prequalification - answeran estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards USDA ratio - answer29/41 FHA ratio - answer31/43 Asset based loan - answer-loans based on borrowers equity -bad when lenders fail to consider ability to repay High Cost Loan - answerReg Z - Sec. 1026.32 -APR will exceed by more than 6.5% for first lien loans or by more...

Amenities of residential real estate are: - correct answer -A) The property's physical attributes B) Measurable on the market C) Not considered by appraisers because they are intangible qualities D) Related to its capacity to provide shelter effectively B) To restore an old home to its original condition without making any changes in the floor plan or style is referred to as - correct answer -A) Rehabilitiation B) Modernization C) Reclamation D) Remodeling A) One who takes in seve...