Tdhca - Study guides, Class notes & Summaries

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 ANSWER...

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting Which of the ...

Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: All residential mortgage loan originators must register with Answer: NMLSR National Mortgage Licensing System & Registry Q: Who is responsible for affordable housing Answer: TDHCA Texas Department of Housing & Community Affairs Q: Who is applicable to all federally related mortgage loans Answer: RESPA Real Estate Settlement Procedure Act ...

RMLO - ANS Residential Mortgage Loan Originator Riparian Rights - ANS Unrestricted rights granted to owners of land located along the course of a river or stream. Littoral Rights - ANS Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Fannie Mae (FNMA) 1938 - ANS The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nation's largest supplier of h...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

What does the Federal Housing Administration statues prohibits? - Answer-Prohibits discrimination based on: NATIONAL ORIGIN Race color Religion Sex Families with children Disabilities Loan not intended for sale in the secondary market. b/c it is retained by the lender in their investment portfolio - Answer-Portfolio Loan What is TDHCA? - Answer-(Texas Department of Housing and Community Affairs) Responsible for affordable housing. Is the process of creating a new mortgage loan. ...

Origination - ACCURATE ANSWERS 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: - ACCURATE ANSWERS Experian, Equifax, and TransUnion Not all creditors will report to all three, they will - ACCURATE ANSWERS Each reporting agency will report a different credit score for the borrower Underwriting - ACCURATE ANSWERS The de...

Principles Of Real Estate 1- Champions School Of Real Estate Questions And Answers 100% Verified. 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 - correct answer. D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulati...

Origination - 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: - Answer Experian, Equifax, and TransUnion Not all creditors will report to all three, they will - Answer Each reporting agency will report a different credit score for the borrower Underwriting - Answer The detailed process of evaluating a b...

Texas Principles of Real Estate 2 (2023/ 2024) Exam | Guide with Verified Answers| 100% QUESTION Loan Origination Fee? Answer: The financing charge that a lender requires. QUESTION VA Loan? Correct Answer: A loan made to qualified veterans for the purchase of real property wherein the Department of Veteran's Affairs guarantees the lender payment of the mortgage. Guarenteed Loan. QUESTION FHA Loans? Answer: Insured. 203b, 203h, Rehab loa...