Cofi index Study guides, Class notes & Summaries

1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - ANSWER •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - ANSWER cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - ANSWER second mortgage 4) Explain what Investors with non-recour...

1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days Correct Answer: •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance Correct Answer: cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. Correct Answer: second mortgage 4) Explain what I...

NMLS Practice Test Questions and Answers Rated A Document Content and Description Below NMLS Practice Test Questions and Answers Rated A 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index i s defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mort...

NMLS Practice Test Questions with accurate answers. 100% Accurate. Graded A Document Content and Description Below NMLS Practice Test Questions with accurate answers. 100% Accurate. Graded A 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - cost of fund index 3) Subordinate financing relates to •seller financing...

NMLS Practice Test 2024 {Latest Version} 100% Correct Answers Sample Question & Answer: PUD stands for planned unit development. programmed urban district. planned urban district. planned unit district. - Answer - planned unit development.

NMLS Practice Test 100% correct1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. second mortgage 4) Explain what Investo...

Primary Mortgage Market - ANSWER-Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER-When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the loan B. The borrower qualified at the buydown rate - ANSWER-When utilizing a...

NMLS Practice Test With Correct Questions And Answers 2024

NMLS Practice Test Questions and Answers Rated A 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. second mortgage 4) Explain what Investors wi...

1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. second mortgage 4) Explain what Investors with non-recourse loans mean? •Borrower does not ...