Freddie mac 2024 exam - Study guides, Class notes & Summaries

Texas Real Estate Finance Exam Questions 2024. secondary - ANSWER The _______ market refers to the selling and purchasing of closed real estate mortgage loans. bought and sold - ANSWER The secondary market is a national market in which mortgages secured by real estate in all parts of the United States are ______ ____ _______. buying loans, issuing mortgage backed securities - ANSWER Secondary market agencies have two main activities: 1) ___ _____ and 2) ______ ________ ________ _______. ...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - answerLoan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - answerprinciple of contribution the forces acting on a parcel of land are always affecting the value of the land - answerPRIN...

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...

ACEABLE LAW OF CONTRACTS – 2024 EXAM WITH 100% CORRECT SOLUTIONS The Seller Financing Addendum allows the seller to become the: - correct answer lender A seller's homeowner's insurance policy is cancelled at the time of closing. They will receive WHAT after closing for the part of their premium that was paid in advance? - correct answer a refund check In Texas, the statute of limitations for specific performance of a contract for the conveyance of real property is: - correct answer ...

Azure Tide Real Estate Exam 1 Correctly Answered 2024. Which group is responsible for the preparation of the comprehensive plan or plan amendment? - CORRECT ANSWER The Planning Commission Advertising that discriminates against people based on ________ is prohibited by the Fair Housing Act and its amendments. - CORRECT ANSWER Religion Which of the following protects mortgage applicants from discrimination based on receiving public assistance? - CORRECT ANSWER Equal Credit Opportunity A...

NMLS UST Mortgage Exam Questions With Verified Answers A consumer calls to ask about a loan product. How does TILA require you to quote an interest rate to him? - answerThe APR and the interest rate A wraparound mortgage: - answerOccurs when a new mortgage plus an existing mortgage is structured as a single obligation Which of the following is true of an FHA borrower? - answerOnly 75% of rental income counts as qualifying income A mortgage on personal property is a(n): - answerChattel Mo...

Texas Principles of Real Estate II (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct Q: Principle of Contribution? Answer: A component part of a property is valued in proportion to its contribution to the value of the whole. Holds that maximum values are achieved when the improvements on a site produce the highest (net) return, commensurate with the investment. Q: Principle of Competition? Answer: Holds that profits tend to breed competition and e...

MLO Exam Study Set (Combo of Ameritrain and Affinity) | Latest Version | 2024/2025 | Already Passed ____ agreement is a document that changes the order of priority of mortgage liens Subordination _____ is designed to help meet the lending needs of communities in which they operate HMDA ______ applies to federally related mortgage loans RESPA ______ covers the lender up to 100% of a loss FHA ______ provides a guideline for answering questions when a choice of action is avai...

Champions Real Estate Finance Study Guide Exam Final 2024 Congress created the Federal Housing Administration in - CORRECT ANSWER-1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - CORRECT ANSWER-5 years A loan with no discount points is known as a - CORRECT ANSWER-Par loan What is Fiat money - CORRECT ANSWER-Currency that is not backed up by any precious metals At the treasury level, funds c...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 An opinion of value - answerThe appraised value of a property is: assessed value - answerthe amount that your local government determines your property to be worth for tax purposes subject property - answerThe property that is being appraised. ad valorem - answeraccording to value Principle of Conformity - answerMaximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Sta...