Examen
Champions School of Real Estate Finance Exam/73 Questions with Verified solutions
- Grado
- Institución
Champions School of Real Estate Finance Exam/73 Questions with Verified solutions
[Mostrar más]Vista previa 2 fuera de 5 páginas
Vista previa 2 fuera de 5 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
Nursephil2023
Comentarios recibidos
Vista previa del contenido
Champions School of Real Estate FinanceExam/73 Questions with Verified solutions
Seller's market - -When supply is low and demand is high -Buyer's market - -When supply is high and demand is low -The process of creating a new mortgage loan - -Origination -The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - -Underwriting -When there is an excess of money supply in the market - -Monetary inflation -Which agency insures deposits in bank and thrift institution for up to $250,000? - -Federal Deposit Insurance Corporation -prohibit housing discrimination based on sex, race, color, religion, national origin, disabilities, or familial status - -Federal Fair Housing -All residential mortgage loan originators must now be registered with... - -
Nationwide Mortgage Licensing System and Registry (NMLSR) -The practice of refusing to provide financing in a particular area because of the location - -Redlining -What was the Community Reinvestment Act (CRA)? - -Law against bank to ensure that banks would serve the needs of the community -The Texas Veteran's Loan Program - -Buyes loans from lender -To participate in the program, the Veteran obtains a FHA, VA, or conventional loan from participating lenders - -Texas Veteran's Loan Program -Texas Veterans Land Loan - -Charges less in fees -What is TDHCA? - -(Texas Department of Housing and Community Affairs) Responsible for affordable housing. -The Housing Assistance Program... - -Is a loan that is eligible for Veterans, military member and their spouses -The creditor must ensure that the consumer receives the Closing Disclosure
form at lease ________ days before the consumer closes the loan - -3 Business days -Freddie MAC is a federally chartered corporation for the purpose of... - -
Purchasing mortgages in the secondary market. -Created in the 1970 to purchase mortgages in the secondary market - -
Freddie MAC -The market where borrowers and mortgage lender come together to create and negotiate terms of a mortgage transaction is called... - -The Primary Market -Addresses imbalance of mortgage credit among regions of the unite state by making funds available. (focus attention to help pump more money into the economy) - -Fannie Mae -It standardized mortgage loans - -Fannie Mae -Allows lenders to originate mortgage for sale rather than for portfolio investment. (lower rates better fees) - -Fannie Mae -Primary Market lender include... - -Saving and loans, commercial banks, mutual saving banks, mortgage company's, credit union, individual, or any person or business that provide cash for someone seeking a mortgage -While the majority of loans are sold in the secondary market, many of them
are retained. What is this called? - -Portfolio loans -Most mortgage brokers specialize as the "_____" between the borrower and the lender - -Middleman -One advantage of municipal bonds is that... - -Interest paid to investor is not subject to federal income tax, making them appealing to investor who needs to shelter some income from taxation -A claim, lien, charge, or liability attached to and binding real property - -
Encumbrance -A right given by law to certain creditors to have debts paid out of the properly of a defaulting debtor, usually through a court sale - -Lien -A borrower is known as a - -Mortgagor -A lender is known as a - -Mortgagee
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now