Hud exam prep 2023 Study guides, Class notes & Summaries

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HUD EXAM PREP 2023-2024 WITH COMPLETE SOLUTIONS
  • HUD EXAM PREP 2023-2024 WITH COMPLETE SOLUTIONS

  • Exam (elaborations) • 21 pages • 2024
  • HUD EXAM PREP WITH COMPLETE SOLUTIONS HUD EXAM PREP WITH COMPLETE SOLUTIONS HUD EXAM PREP WITH COMPLETE SOLUTIONS Types of Credit Used - ANSWER-Student loan or credit cards only FAKO scores - ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights
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HUD Exam Prep 2023 Questions and Answers (2023/2024) (Verified Answers)
  • HUD Exam Prep 2023 Questions and Answers (2023/2024) (Verified Answers)

  • Exam (elaborations) • 109 pages • 2023
  • HUD Exam Prep 2023 Questions and Answers (2023/2024) (Verified Answers)
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HUD Exam Prep 2023 with 100% correct answers
  • HUD Exam Prep 2023 with 100% correct answers

  • Exam (elaborations) • 53 pages • 2023
  • % Impact of Account Payment History on Credit Score - correct answer35% 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 - correct answer30% 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 - correct answer15% portion of score based don the overall length of credit...
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HUD EXAM PREP 2023 WITH 100% CORRECT ANSWERS
  • HUD EXAM PREP 2023 WITH 100% CORRECT ANSWERS

  • Exam (elaborations) • 25 pages • 2023
  • Types of Credit Used Student loan or credit cards only FAKO scores purchase score which are educational score Fair Credit Reporting Act FCRA 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 free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 days research. billed tim...
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HUD EXAM PREP 2023-2024 WITH COMPLETE SOLUTIONS(GRADED A+)
  • HUD EXAM PREP 2023-2024 WITH COMPLETE SOLUTIONS(GRADED A+)

  • Exam (elaborations) • 21 pages • 2024
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  • Types of Credit Used - ANSWER-Student loan or credit cards only FAKO scores - ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - 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 - ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER-dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 d...
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HUD Exam Prep 2023 with 100% correct answers
  • HUD Exam Prep 2023 with 100% correct answers

  • Exam (elaborations) • 18 pages • 2023
  • Conventional Loan - correct answerFront 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 answerFront end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - correct answerFront end 33% Back end 45% VA - correct answer41% USDA - correct answerFront End 29% Back End 41%, low-to-moderate income, must liv...
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HUD Exam Prep 2023 with 100% correct answers
  • HUD Exam Prep 2023 with 100% correct answers

  • Exam (elaborations) • 53 pages • 2023
  • % Impact of Account Payment History on Credit Score - correct answer35% 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 - correct answer30% 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 - correct answer15% portion of score based don the overall length of credit...
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HUD Exam Prep 2023 with 100% correct answers
  • HUD Exam Prep 2023 with 100% correct answers

  • Exam (elaborations) • 18 pages • 2023
  • Conventional Loan - correct answerFront 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 answerFront end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - correct answerFront end 33% Back end 45% VA - correct answer41% USDA - correct answerFront End 29% Back End 41%, low-to-moderate income, must liv...
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