REAL ESTATE FINANCE JUNE 24 ( 85 )
Question 14 The _______ section contains the seller's existing mortgage loan payoff amount that must be paid to complete the transaction.
"Due from Seller at Closing" $
Question 55 Which of these HUD programs allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market?
Ginnie Mae $
Question 46 The Dodd-Frank Act created the CFPB in part to regulate ______, which were among the largest originators of subprime mortgages prior to the financial crisis of 2007‒2008
Non-bank lenders $
Question 42 Which clause is standard in a deed of trust and affects the foreclosure process that can be used if the borrower defaults?
Power of sale $
Question 8 Which of the following statements is true about the MIP on an FHA loan?
The FHA may adjust the percentage used to calculate MIP on FHA loans $
Question 3 Who's the mortgagee in a mortgage
The lender $
Question 36 Which of the following statements is true about buydowns with a VA loan?
They're allowed only on fixed rate loans. $
Question 39 An extended period of time during which banks experience more withdrawals than deposits is called _
Disintermediation $
Question 51 Which type of real estate investment trust is designed to deal exclusively in equities?
Equity REIT $