Tdhca - Study guides, Class notes & Summaries

Champions Real Estate Finance Exam Questions with correct Answers 100% Verified FHA Mortgage Insurance - answerProvides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. What are the components of Federal Fair Housing? (FRESH CORN) - answerFamilies with children, Race, Sex, Handicap, Color, Religion, National Origin (E and O stand for equal opportunity) All residential mortgage loan originators must now be registered with: - answerNati...

Champions Real Estate Finance Exam Questions with correct Answers 100% Verified FHA Mortgage Insurance - answerProvides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. What are the components of Federal Fair Housing? (FRESH CORN) - answerFamilies with children, Race, Sex, Handicap, Color, Religion, National Origin (E and O stand for equal opportunity) All residential mortgage loan originators must now be registered with: - answerNati...

Real Estate Finance Champions 2024 Final Test With Verified Answers Origination - CORRECT ANSWER-The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - CORRECT ANSWER-Experian, Equifax, and TransUnion Not all creditors will report to all three, they will - CORRECT ANSWER-Each reporting agency will report a different cred...

A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANSWERSLoan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 months 1 year 2 years - ANSWERS2 years Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower in taking a mortgage that carries high fees, a high interest rate, s...

Champions School Of Real Estate Finance 2024 Tested And Verified Seller's market - CORRECT ANSWER-When supply is low and demand is high Buyer's market - CORRECT ANSWER-When supply is high and demand is low The process of creating a new mortgage loan - CORRECT ANSWER-Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - CORRECT ANSWER-Underwriting When there is an excess of money supply in the market - CORRECT ANSW...

Origination - ANSWERThe process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWERExperian, Equifax, and TransUnion Not all creditors will report to all three, they will - ANSWEREach reporting agency will report a different credit score for the borrower Underwriting - ANSWERThe detailed process of evaluating a borrower's l...

A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANSWER-Loan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 months 1 year 2 years - ANSWER-2 years Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower in taking a mortgage that carries high fees, a high interest rate, s...

Principles of Real Estate 1- Champions School of Real Estate Actual Questions and Answers a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification - D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulations D.) All of these - D.) All of the...

Congress created the Federal Housing Administration in - ANSWERS1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - ANSWERS5 years A loan with no discount points is known as a - ANSWERSPar loan What is Fiat money - ANSWERSCurrency that is not backed up by any precious metals At the treasury level, funds can be raised to pay for government spending by increasing borrowing and _____ - ANSWERSRa...

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