The type of foreclosure that involves the lender filing a lawsuit on the homeowner that
has defaulted is known as...
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Strict foreclosure
An ______ might also be an ideal product for the borrower that believes that the trend in
mortgages rate is downward
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ARM
,Allows lenders to originate mortgage for sale rather than for portfolio investment.
(lower rates better fees)
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Fannie Mae
One advantage of municipal bonds is that...
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Interest paid to investor is not subject to federal income tax, making them
appealing to investor who needs to shelter some income from taxation
The market where borrowers and mortgage lender come together to create and
negotiate terms of a mortgage transaction is called...
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The Primary Market
The detailed process of evaluating a borrower's loan application to determine the risk
involved for the lender
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, Underwriting
What was the Community Reinvestment Act (CRA)?
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Law against bank to ensure that banks would serve the needs of the
community
A lender is known as a
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Mortgagee
Primary Market lender include...
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Saving and loans, commercial banks, mutual saving banks, mortgage
company's, credit union, individual, or any person or business that provide
cash for someone seeking a mortgage
Eligibility address the question:
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has defaulted is known as...
Give this one a try later!
Strict foreclosure
An ______ might also be an ideal product for the borrower that believes that the trend in
mortgages rate is downward
Give this one a try later!
ARM
,Allows lenders to originate mortgage for sale rather than for portfolio investment.
(lower rates better fees)
Give this one a try later!
Fannie Mae
One advantage of municipal bonds is that...
Give this one a try later!
Interest paid to investor is not subject to federal income tax, making them
appealing to investor who needs to shelter some income from taxation
The market where borrowers and mortgage lender come together to create and
negotiate terms of a mortgage transaction is called...
Give this one a try later!
The Primary Market
The detailed process of evaluating a borrower's loan application to determine the risk
involved for the lender
Give this one a try later!
, Underwriting
What was the Community Reinvestment Act (CRA)?
Give this one a try later!
Law against bank to ensure that banks would serve the needs of the
community
A lender is known as a
Give this one a try later!
Mortgagee
Primary Market lender include...
Give this one a try later!
Saving and loans, commercial banks, mutual saving banks, mortgage
company's, credit union, individual, or any person or business that provide
cash for someone seeking a mortgage
Eligibility address the question:
Give this one a try later!
