Bullet test MlO goldcoast Questions And Answers 100% correct Verified

Which is the largest secondary market participant?Fannie Mae Which would be considered a toxic feature under the QM definition?Interest Only A lender who refuses to make loans on properties in certain neighborhoods is demonstrating process of __________Red Lining In order to ensure a loan closes an MLO conceals the fact the down payment is made with borrowed funds would be considered __________Actual Fraud An MLO realizes that his customer will not qualify for the loan so he convinces her to apply using her mother's data and identity without her knowing, she a considered a _________Straw-Buyer If an MLO has a complaint about a consumer protection issue involving a potential tax violation, which agency should be contacted?IRS The estimate for most estimate charges must be available for at least _______10 Business Days A mortgage banker rents office space at a discount in exchange for referees or other benefitsRESPA (Section 8) The VA provides a guarantee on eligible home loans for up to what percent of what amount?25%