Unit 5 gfe - Study guides, Class notes & Summaries
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MLO SAFE NMLS safe test practice questions and answers 100% pass
- Exam (elaborations) • 41 pages • 2023
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MLO SAFE NMLS safe test practice questions and answers 100% pass 
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MLO SAFE NMLS safe test practice questions and answers 100% pass Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. Predatory Lending. RESPA-Real Estate Settlement Procedures Act The Federal Statute that deals with the settl...
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NMLS Practice Test 100% correct
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NMLS Practice Test 100% correct1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 
30 days 
•60 days 
•90 days 
•90 days 
 
 
 
2) A COFI index is defined as? 
 
Cost of funds index 
•Cost of financial index 
•Cost of funding insurance 
cost of fund index 
 
 
 
3) Subordinate financing relates to 
 
•seller financing. 
•second mortgages. 
•financing in the secondary mortgage market. 
•subprime loans. 
second mortgage 
 
 
 
4) Explain what Investo...
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MLO SAFE NMLS safe test practice questions With A+ Graded Answers a 100% Correct
- Exam (elaborations) • 29 pages • 2023
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MLO SAFE NMLS safe test practice questions With A+ Graded Answers a 100% Correct 
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - CORRECT ANSWER-Predatory Lending. 
 
RESPA-Real Estate Settlement Procedures Act - CORRECT ANSWER-The Federal Statute that deals with the settlement of residential mortgage loans. 
 
RESPA's sec...
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MLO SAFE NMLS safe test practice questions with 100% correct answers 2022
- Exam (elaborations) • 30 pages • 2022
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Taking advantage of ill-informed consumers through excessively high fees, 
misrepresented loan terms, frequent refinancing that does not benefit the borrower and 
other prohibited acts is called __________________________. - ANSWER-Predatory 
Lending. 
RESPA-Real Estate Settlement Procedures Act - ANSWER-The Federal Statute that 
deals with the settlement of residential mortgage loans. 
RESPA's section 9 Prohibits - ANSWER-Home sellers from requiring home buyers to 
purchase title insurance fro...
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NMLS SAFE Exam 2022/2023 QA
- Exam (elaborations) • 39 pages • 2022
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RESPA - ANSWER-Real Estate Settlement Procedures Act; Allows borrowers to receive pertinent and timely disclosure regarding the nature and costs of the real estate settlement (closing) process; Enacted in 1974, the law was originally proposed to add more transparency to costs associated with certain real estate transactions and to eliminate abusive practices, such as kickbacks, which artificially increase the cost of settlement services. 
 
When RESPA must be obeyed - ANSWER-When a loan is a fed...
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MLO SAFE NMLS safe test practice questions and answers 100% pass
- Exam (elaborations) • 41 pages • 2022
-
Available in package deal
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- $9.99
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MLO SAFE NMLS safe test practice questions and answers 100% pass 
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. Predatory Lending. 
RESPA-Real Estate Settlement Procedures Act The Federal Statute that deals with the settlement of residential mortgage loans. 
RESPA's section 9 Prohibits Home sellers from requiring home buye...
-
NMLS Practice Test Questions and Answers Rated A
- Exam (elaborations) • 7 pages • 2022
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Available in package deal
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NMLS Practice Test Questions and Answers Rated A 
1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 
30 days 
•60 days •90 days •90 days 
2) A COFI index is defined as? 
Cost of funds index 
•Cost of financial index •Cost of funding insurance cost of fund index 
3) Subordinate financing relates to 
•seller financing. 
•second mortgages. 
•financing in the secondary mortgage market. •subprime loans. second mortgage 
4) Explain what Investors with n...
-
MLO SAFE NMLS safe test practice questions with accurate answers, 100% Accurate. 2022/2023
- Exam (elaborations) • 37 pages • 2023
- Available in package deal
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- $11.49
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MLO SAFE NMLS safe test practice questions with accurate answers, 100% Accurate. 2022/2023 
Document Content and Description Below 
MLO SAFE NMLS safe test practice questions with accurate answers, 100% Accurate. 2022/2023 Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, f requent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - Predatory Lending. RESPA-Real Estate Settlement Proce...
-
MLO SAFE NMLS safe test practice questions with correct answers.
- Exam (elaborations) • 28 pages • 2022
-
- $16.99
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Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. 
Predatory Lending. 
 
 
 
RESPA-Real Estate Settlement Procedures Act 
The Federal Statute that deals with the settlement of residential mortgage loans. 
 
 
 
RESPA's section 9 Prohibits 
Home sellers from requiring home buyers to purchase title insurance from a particular co...
-
MLO SAFE NMLS safe test practice Questions with correct Answers
- Exam (elaborations) • 30 pages • 2022
-
- $10.39
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Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - ANSWER-Predatory Lending. 
 
RESPA-Real Estate Settlement Procedures Act - ANSWER-The Federal Statute that deals with the settlement of residential mortgage loans. 
 
RESPA's section 9 Prohibits - ANSWER-Home sellers from requiring home buyers to purchase title insurance from...
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