What does fhlmc stand for Study guides, Class notes & Summaries
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SOMB II Practice Test | questions and answers with complete solution
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SOMB II Practice Test | questions and answers with complete solution 
 
When refinances as a percentage of total originations rise, does profitability at large banks tend to rise or to fall? - Fall 
What are the top three Mortgage lender's main sources of income? - - Fees negotiated at origination 
- Gain on sale 
- Interest Income 
Interest income earned at the note rate from the date a loan closes until it is sold belongs to? - The lender 
Which type of loan sale generates the most revenue ...
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XINNIX Mortage Basix Exam Questions and Answers 100% Pass
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XINNIX Mortage Basix Exam Questions and 
Answers 100% Pass 
What does FNMA stand for? - Answer- Federal National Mortgage Association 
What does FHLMC stand for? - Answer- Federal Home Loan Mortgage Corporation 
What does AU stand for, and what is it? - Answer- Automated Underwriting, a 
computerized system that uses historical statistics to issue a decision of how to proceed 
with a loan request. 
The Purposes of Property acceptable for FNMA and FHLMC include: - Answer- Primary 
Residence, Seco...
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XINNIX Mortage Basix Exam Questions and Answers 100% Pass
- Exam (elaborations) • 10 pages • 2024
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XINNIX Mortage Basix Exam Questions and 
Answers 100% Pass 
What does FNMA stand for? - Answer- Federal National Mortgage Association 
What does FHLMC stand for? - Answer- Federal Home Loan Mortgage Corporation 
What does AU stand for, and what is it? - Answer- Automated Underwriting, a 
computerized system that uses historical statistics to issue a decision of how to proceed 
with a loan request. 
The Purposes of Property acceptable for FNMA and FHLMC include: - Answer- Primary 
Residence, Seco...
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Series 79 - Knopman with correct answers graded A+ 2024
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Series 79 - Order the following in terms of credit risk: 
1. GSEs 
2. Gov't Agency MBS / Treasury securities 
3. Private label MBS - correct answer 1. Gov't Agency MBS / Treasury Securities - backed by the full faith and credit of the US gov 
2. GSEs (Fannie, FNMA and Freddie, FHLMC) - not backed by the full faith and credit of the US gov but have special authority to borrow from the US Treasury, an implied guarantee 
3. Private label MBS - have no government backing 
 
Ginnie Mae - correct ...
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XINNIX Mortgage Basix Verified Questions And Answers With Complete Tests
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XINNIX Mortgage Basix Verified Questions And Answers With Complete Tests 
 
XINNIX Mortgage Basix Verified Questions And Answers With Complete Tests
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Mortage Basix questions and answers latest top score.
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Mortage Basix questions and answers latest top score. 
 
 
 
 
 
 
 
 
 
 
 
 
What does FNMA stand for? - correct answers.Federal National Mortgage Association 
 
What does FHLMC stand for? - correct answers.Federal Home Loan Mortgage Corporation 
 
What does AU stand for, and what is it? - correct answers.Automated Underwriting, a computerized system that uses historical statistics to issue a decision of how to proceed with a loan request. 
 
The Purposes of Property acceptable for FNMA and FH...
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Xinnix Ground School Questions with correct Answers
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Xinnix Ground School Questions with correct Answers 
Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. 
False 
 
 
 
YTD paystubs will be requires from a borrower that is self-employed (schedule C) 
False 
 
 
 
A borrower requesting a jumbo loan will qualify for an agency loan 
False 
 
 
 
Trailing spouse income can be used for qualifying purposes. 
False 
 
 
...
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Xinnix Final Questions with correct Answers
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Xinnix Final Questions with correct Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 bala...
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Xinnix Ground School Questions with correct Answers
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Xinnix Ground School Questions with correct Answers 
Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. 
False 
 
 
 
YTD paystubs will be requires from a borrower that is self-employed (schedule C) 
False 
 
 
 
A borrower requesting a jumbo loan will qualify for an agency loan 
False 
 
 
 
Trailing spouse income can be used for qualifying purposes. 
False 
 
 
...
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NATIONAL FINANCE EXAM PREP | questions and answers 2023/24
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NATIONAL FINANCE EXAM PREP | questions and answers 2023/24 
 
Advantages of Real Estate Investment: (3 things) - Above average rate of return 
Tax benefits 
Land can never be depreciated. 
Disadvantages of Real Estate Investment: (3 things) - Not highly liquid 
The purchaser of investment property must be prepared to "invest" for the long haul 
Market conditions are changing all the time. 
What is the total amount of money remaining after all expenditures have been paid including taxes, oper...
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