Credit counseling agency - Study guides, Class notes & Summaries

HECM Test Exam Questions And Revised Correct Answers 2024 A borrower got her HECM loan many years ago when the lending limit for her county was $600,000. Her home is appraised for $800,000. What is the most her repayment of the loan could be? A. $600,000 B. $800,000 C. 75% of appraised value D. Net proceeds from selling the home - ANSWERS D A borrower has a $200,000 home value. What is the likely upfront cost added to the loan balance at closing? (Revisit. Where is the formula?) A...

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANSWER D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgag...

CRC EXAM BOOK 1 QUESTIONS AND ANSWERS 100% VERIFIED The OVR was established in: A. 1940 B. 1946 C. 1935 D. 1943 - answerD. 1943 Kathy keeps a rigid schedule, no mater the weather, season or holiday she runs several miles and hits the gym. No matter her physical condition, she seems to find a way to push through needing to achieve some level of minimal fitness, which she believes she has never achieved. Her eating schedule is fixed, as well, tightly controlling when she eats. However, s...

Sample Questions for CRC/Comprehensive Exam Questions and Answers 100% Verified In Psychoanalytic theory, feelings of mistrust of others and fear of of inability to form intimate relationships are associated with the: A) oral stage B) anal stage C) phallic stage D) gentical Stage - answerA) oral Stage According to Adlerians, inferiority feelings: A) are pathological B) lead to depression C) keep us from achieving our life goals D) create motivation to achieve mastery - answerD) creat...

Hecm test 5 100% Correctly Solved The objective of reverse mortgage counseling is to educate clients on - Answer- how reverse mortgages work and their implications · the appropriateness of a reverse mortgage for their personal and financial situations, and · possible financial alternatives to reverse mortgages The following topics must be thoroughly covered in every reverse mortgage counseling session - Answer- client needs and circumstances · features of a reverse mortgage · client...

ECOA Exam Review Questions and answers. VERIFIED/ A.Factors that can not be used to discriminate - -1.Race 2.Color 3.Religion 4.Sex 5.National Origin 6.Marital Status 7.Age 8. Receipt of income from public assistance 9.History of exercised rights under Consumer Protection Credit Act (Credit counseling services) B. Notifying borrower of action taken - -Within 30 days lenders must notify consumers of action taken in writing. -If Adverse Action must provide statement of reasons and i...

AFCPE QUIZ BOWL QUESTIONS WITH 100% CORRECT ANSWERS!!

CRC EXAM BOOK 1 QUESTIONS AND ANSWERS 100% VERIFIED The OVR was established in: A. 1940 B. 1946 C. 1935 D. 1943 - answerD. 1943 Kathy keeps a rigid schedule, no mater the weather, season or holiday she runs several miles and hits the gym. No matter her physical condition, she seems to find a way to push through needing to achieve some level of minimal fitness, which she believes she has never achieved. Her eating schedule is fixed, as well, tightly controlling when she eats. However, s...

Sample Questions for CRC/Comprehensive Exam Questions and Answers 100% Verified In Psychoanalytic theory, feelings of mistrust of others and fear of of inability to form intimate relationships are associated with the: A) oral stage B) anal stage C) phallic stage D) gentical Stage - answerA) oral Stage According to Adlerians, inferiority feelings: A) are pathological B) lead to depression C) keep us from achieving our life goals D) create motivation to achieve mastery - answerD) creat...

CRC practice questions 100% Correct Answers State rehabilitation agencies were mandated to increase the utilization of rehabilitation engineering by persons with disabilities by the... - Correct Answer ️️ -rehabilitation Act Amendments of 1992 The rehabilitation act amendments of 1984... - Correct Answer ️️ -Required each state rehabilitation agency to have a client assistance program The rehabilitation act of 1973 mandated... - Correct Answer ️️ -Program evaluation for state-...