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 $