Primary mortgage market - Study guides, Class notes & Summaries

Practice NMLS Test - 20 Hour Safe Correctly Answered 2024. An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - correct answer d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calendar quarter b. within 30 days of the end of the fiscal quarter c. within 45 days of the end of the calendar quarter d. within 45 days of the end of the...

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - ANSWER-d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calenda...

Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and pro...

Securities Industry Essentials Certification Test (2024) || All Questions & Answers (Rated A+) Securities Industry Essentials Certification Test (2024) || All Questions & Answers (Rated A+) A 55-year-old investor purchased a 6% DEF convertible mortgage bond at 90 with 10 years until maturity. If the bond is currently trading at 97, what is the current yield? A) 5.72% B) 6 % C) 6.19 % D) 6.67 % - ANSWER - C) 6.19% When determining the yield all you need is the market price of the bond ...

This form of occupancy would have the lowest interest based on risk - owner-occupied This form of occupancy would have the highest interest based on risk - non-owner occupied Characterized by ownership extending only to the interior dwelling and the shared ownership of common external areas by residents - Condominium Conforming mortgage limit for a single-family residence in most states is: - $484,350 The following entities buy or guarantee loans secured by real estate on the secondary mark...

What is the definition of a defect? A) A product/process that exhibits variability. B) A product/process that does not perform as well as the competition. C) A product/process that does not meet customer requirements for use. D) A product/process that is not reliable. E) A product/process that requires extra processing. - Answer-Answer C What is the primary approach employed by Lean Six Sigma to reduce the number of defects? A) Add inspection to isolate the customer from process instabili...

Real Estate Finance: Chapter 12 The Secondary Mortgage MarketIntro - correct answer The secondary mortgage market is designed to deal in real estate mortgages, buying them from loan originators and selling them to investors or pooling them to enlarge the markets for these types of securities. When mortgages are purchased from primary lenders, also known as loan originators, the money generated acts to replenish the supply necessary for continued lending activities. When mortgages are sold ...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

What is the definition of a defect? A) A product/process that exhibits variability. B) A product/process that does not perform as well as the competition. C) A product/process that does not meet customer requirements for use. D) A product/process that is not reliable. E) A product/process that requires extra processing. - Answer-Answer C What is the primary approach employed by Lean Six Sigma to reduce the number of defects? A) Add inspection to isolate the customer from process instabili...