Prime mortgage - Study guides, Class notes & Summaries

Looking for the best study guides, study notes and summaries about Prime mortgage? On this page you'll find 540 study documents about Prime mortgage.

Page 2 out of 540 results

Sort by

SAFE Mortgage Loan Originator Test  Latest Update Graded A+
  • SAFE Mortgage Loan Originator Test Latest Update Graded A+

  • Exam (elaborations) • 20 pages • 2024
  • Available in package deal
  • SAFE Mortgage Loan Originator Test Latest Update Graded A+ Prequalification an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards USDA ratio 29/41 FHA ratio 31/43 Asset based loan -loans based on borrowers equity -bad when lenders fail to consider ability to repay High Cost Loan Reg Z - Sec. 1026.32 -APR will exceed by more than 6.5% for first lien loans or by more than 8.5% for subordinate -APOR - average prime ...
    (0)
  • $9.99
  • + learn more
REE 3043 Exam 2 Questions with Complete Solutions
  • REE 3043 Exam 2 Questions with Complete Solutions

  • Exam (elaborations) • 9 pages • 2024
  • When a buyer of a property with an existing mortgage loan acquires the property and signs the note for an existing loan, the buyer is acquiring the property: Correct Answer-by assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? Correct Answer-Escrows The Real Estate Settlement Procedures Act does which of these: Correct Answer-All of these statements are correct. ( Requires that the borrower be able to inspect the closing...
    (0)
  • $14.99
  • + learn more
MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS WITH VERIFIED ANSWERS
  • MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS WITH VERIFIED ANSWERS

  • Exam (elaborations) • 65 pages • 2024
  • Available in package deal
  • MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS WITH VERIFIED ANSWERS Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. Predatory Lending. RESPA-Real Estate Settlement Procedures Act The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's section 9 Prohibits Home sellers from requiring...
    (0)
  • $11.99
  • + learn more
SAFE Exam Test With 100% Correct And Verified Answers
  • SAFE Exam Test With 100% Correct And Verified Answers

  • Exam (elaborations) • 41 pages • 2024
  • SAFE Exam Test With 100% Correct And Verified Answers Title X - Correct Answer-Created the CFPB IN 2011 A part of the Dodd Frank Act Dodd-Frank Wall Street Reform Act - Correct Answer-July 2010 Created to promote financial stability Created two titles- Title X and Title XIV CFPB - Correct Answer-Consumer financial protection bureau Created by Title X, under the Dodd Frank act Government entity that regulates laws and regulations 2010 Protects consumers from abusive practices ...
    (0)
  • $20.49
  • + learn more
SAFE MORTGAGE LOAN ORIGINATOR EXAM 2024 WITH 100% CORRECT ANSWERS
  • SAFE MORTGAGE LOAN ORIGINATOR EXAM 2024 WITH 100% CORRECT ANSWERS

  • Exam (elaborations) • 12 pages • 2024
  • SAFE MORTGAGE LOAN ORIGINATOR EXAM 2024 WITH 100% CORRECT ANSWERS Prequalification - correct answer an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards USDA ratio - correct answer 29/41 FHA ratio - correct answer 31/43 Asset based loan - correct answer -loans based on borrowers equity -bad when lenders fail to consider ability to repay High Cost Loan - correct answer Reg Z - Sec. 1026.32 -APR will exceed by more t...
    (0)
  • $16.49
  • + learn more
Prepxl practice test 2 Questions and Answers 2024 Correctly done
  • Prepxl practice test 2 Questions and Answers 2024 Correctly done

  • Exam (elaborations) • 28 pages • 2024
  • Available in package deal
  • Under RESPA, the servicer may require a borrower to pay into an escrow account to cover disbursements that are unanticipated or disbursements made before the borrower's monthly payments are available in the account, a cushion or reserve that must be no greater than _____ of the estimated total annual disbursements from the escrow account. - One half - One third - One sixth - One twelfth - One sixth. Under RESPA, a lender may require the borrower to establish an escrow account at closing...
    (0)
  • $7.99
  • + learn more
Revenue Management Final Exam Question & Answers 2022
  • Revenue Management Final Exam Question & Answers 2022

  • Exam (elaborations) • 74 pages • 2022
  • what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...
    (0)
  • $22.49
  • 3x sold
  • + learn more
NMLS SAFE EXAM 2024 Questions With Verified Answers
  • NMLS SAFE EXAM 2024 Questions With Verified Answers

  • Exam (elaborations) • 16 pages • 2024
  • Available in package deal
  • NMLS SAFE EXAM 2024 Questions With Verified Answers What does TILA stand for? - answerTruth-In-Lending Act, Regulation Z What is a HELOC loan? - answera secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - answer LTV stands for - answerLoan to Value Define PMI and state what the acronym stands for. - answerPrivate mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is i...
    (0)
  • $12.49
  • + learn more
Loan Officer: NMLS. Question with 100 % correct answers | Verified | updated
  • Loan Officer: NMLS. Question with 100 % correct answers | Verified | updated

  • Exam (elaborations) • 44 pages • 2024
  • Available in package deal
  • (Fair and Accurate Credit Transactions Act of 2003) FACTA Purpose is to... - ... address the problem of identity theft. To facilitate consumer's access to information retained by the CRAs, and to improve the accuracy of consumer reports. (FCRA) The National Consumer Assistance Plan (NCAP) aims to... - ...improve consumer experience, data accuracy, and quality. (HMDA) In addition to originations, reportable HMDA data includes... - - Loan Applications - Loan Denials - Loan Approvals - Loa...
    (0)
  • $7.99
  • + learn more
NMLS SAFE EXAM 2024 Questions With Verified Answers
  • NMLS SAFE EXAM 2024 Questions With Verified Answers

  • Exam (elaborations) • 16 pages • 2024
  • NMLS SAFE EXAM 2024 Questions With Verified Answers What does TILA stand for? - answerTruth-In-Lending Act, Regulation Z What is a HELOC loan? - answera secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - answer LTV stands for - answerLoan to Value Define PMI and state what the acronym stands for. - answerPrivate mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is i...
    (0)
  • $12.49
  • + learn more