Hud prep exam 2024 - Study guides, Class notes & Summaries

% Impact of Account Payment History on Credit Score - ANSWER 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER 15% portion of score based don the overall length of credit history in the report, a...

HUD Exam Prep Questions & Answers 2023/2024 % Impact of Account Payment History on Credit Score - ANSWER-35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER-30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER-15% portion of score based don th...

HUD Exam Prep Complete Questions and% Impact of Account Payment History on Credit Score - ANSWER 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER 15% portion of score based don the overall l...

What is Lead? - ANSWER-1.0mg/cm2 or 0.5% by weight. Title X - ANSWER-Residential Lead-Based Paint Hazard Reduction Act of 1992 accessible surface - ANSWER-"chewable" surfaces, ie. window sills friction surface - ANSWER-interior/ exterior w/ abrasion or friction ie windows, floor and stair surfaces impact surface - ANSWER-interior/ exterior surface that is subject to damage by repeated sudden force ie door frames OSHA - ANSWER-Occupational Safety and Health Administration Pb - ANSWER-Pe...

Hud Prep Final Actual Exam 2024 Conventional Loan - CORRECT ANSWER-Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - CORRECT ANSWER-Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - CORRECT ANSWER-Front end 33% Back end 45% VA - CORRECT ANSWER-41% USDA - CORRECT ANSWER-Front End 29% Back End 41%, ...

2024 Hud Final Exam Prep (Questions And Answers) Types of Credit Used - CORRECT ANSWER-Student loan or credit cards only FAKO scores - CORRECT ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - CORRECT ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - CORRECT ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA...

HUD Exam Prep |Question and Answer| 100% Correct 2024/2025 % Impact of Account Payment History on Credit Score *Ans* 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score *Ans* 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score *Ans* 15% portion of score based don...

TEXAS LEAD INSPECTOR / LEAD RISK ASSESSOR COMBO PREP FOR COURSE EXAM 2024 QUESTIONS AND ANSWERS What is a common problem with the chemical field test kits? False positives What is the main cause of lead contamination in drinking water? Corrosion of lead plumbing If any of the XRF readings fall into the inconclusive range, what is the next step? Take paint chip samples What is a disadvantage of composite sampling? Specific sampling location is lost When employees work with lead, wha...

% Impact of Account Payment History on Credit Score - ANSWER-35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER-30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER-15% portion of score based don the overall length of credit history in the repor...

National Real Estate Exam Prep 2023/2024 Unilateral Contract - correct answerContract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract - correct answerContract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal - correct answerA person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer - correct answerAny 3rd party w/ whom a licens...