What does the cfpb do - Study guides, Class notes & Summaries
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Principles of real estate II (Champions) Exam with complete solutions
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Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time 
 
Sales comparison - Answer- best indicator of value for existing properties 
 
highest and best use - Answer- the legal use for property that gives the greatest return in money and/or amenities 
 
external obsolescence - Answer- the loss in value of a property caused by factors outside the property itself 
 
principle of contribution - Answer- suggests the...
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SAFE Mortgage Loan Originator Test - National Component with Uniform State Content | Complete Questions & Answers (100% Correct)
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SAFE Mortgage Loan Originator Test - National Component with Uniform State Content | Complete Questions & Answers (100% Correct) 
SAFE Mortgage Loan Originator Test - National Component with Uniform State Content | Complete Questions & Answers (100% Correct) 
 
What does UST stand for? - ANSWER - Uniform State Test 
 
Who does the CFPB protect? - ANSWER - The Consumer Financial Protection Bureau protects consumers in the financial marketplace. 
 
What does the CFPB do? - ANSWER - CFPB is now in ...
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Xinnix SOAR Final Exam Questions and Answers 100% Pass
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Xinnix SOAR Final Exam Questions and 
Answers 100% Pass 
FNMA and FHLMC are what type of loan? - Answer- conforming 
the main purpose of the Consumer financial protection bureau (CFPB) is to help 
consumers understand the terms of their agreements with financial companies - 
Answer- true 
conventional loans are not insured by the federal government - Answer- true 
Agency loans include FHA and VA loans - Answer- true 
the proceeds of a loan for cash out refinance may be used by the borrower to in...
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SAFE MORTGAGE LOAN ORIGINATOR TEST - NATIONAL COMPONENT WITH UNIFORM STATE CONTENT|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
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What does UST stand for? 
Uniform State Test 
 
 
 
Who does the CFPB protect? 
The Consumer Financial Protection Bureau protects consumers in the financial marketplace. 
 
 
 
What does the CFPB do? 
CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for, securing, and paying off mortgages. 
 
 
 
What is the purpose of RESPA? (3 things) 
a.Protect consumers from excessive settlement cost...
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SAFE Mortgage Loan Originator Test - National Component with Uniform State Content with complete solution
- Exam (elaborations) • 24 pages • 2023
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SAFE Mortgage Loan Originator Test - National Component with Uniform State Content with complete solution 
 
What does UST stand for? 
Uniform State Test 
Who does the CFPB protect? 
The Consumer Financial Protection Bureau protects consumers in the financial marketplace. 
What does the CFPB do? 
CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for, securing, and paying off mortgages. 
W...
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NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified
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NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified. TILA disclosure must be given to the applicant within how many days after receiving the 
signed loan application for a reverse mortgage - ANSWER 3 business days 
Truth in lending disclosure must be delivered within how many business days prior to 
closing a reverse mortgage - ANSWER 7 days 
The APR must be finalized at least how many days before closing? - ANSWER 3 days 
A company with which a consumer has an establ...
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NMLS Laws and Regulations Question and answer already solved 2023
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NMLS Laws and Regulations Question and answer already solved 2023CFPB 
Consumer Financial Protection Bureau 
 
 
 
What does the CFPB do? 
Regulates RESPA, TILA, ECOA, and HMDA 
 
 
 
FTC 
Federal Trade Commission 
 
 
 
What does the FTC do? 
Monitors Red Flag Rules 
 
 
 
RESPA 
Real Estate Settlement Procedures Act 
 
 
 
What does RESPA do? 
•Protects homeowners of Single, 1-4 family dwellings, condos, & homes manufactured on lot. 
•Educates borrowers costs of loan 
• Eliminates kickba...
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2024 HUD Counseling Exam - Module 5 Avoiding Foreclosure
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what is a servicer? - ANSWER a company that handles all the administrative aspects of 
a loan from the closing to mortgage payoff, including handling all payments, escrow, 
and all documentation for records 
when was the most recent foreclosure crisis? - ANSWER 2007 
what caused the most recent foreclosure process? - ANSWER 1. negative amortization 
2. aggressive marketing of HELOC loans 
3. subprime lending 
4. qualifying borrowers based on teaser rates 
5. qualifying borrowers based on introdu...
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Maryland Title Insurance Pre-License Course Latest Update Graded A
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Maryland Title Insurance Pre-License Course Latest Update Graded A Easement Appurtenant Only exists between properties 
Dominant Tenement Has right to use your property (ex. Driveway) 
Servient Has to allow the dominant tenement passage of property (ex. Driveway) 
UCC-1 United Commercial Code 5 years of date. Renew 6 months before expiration. Land Records. Termination. 
Mechanic Lien Must be enforced in 1 year FICE Circuit Court Bond with the Circuit Court 
Federal State Taxes 10 years from the ...
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Hud Certification Housing Counselor Final Exam 2024
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Hud Certification Housing Counselor 
Final Exam 2024 
Which document is most important when working with a client to develop an initial 
budget as part of a Client Action Plan? 
Pay stub 
Retirement plan statement 
List of assets 
Current lease - CORRECT ANSWER-Pay stub 
A client would like purchase a home within one year. The client is motivated to increase 
household income as a way to save for a down payment and qualify for a loan. Which is 
the best solution for the client to reach this g...
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