Real Estate Finance I-CHAMPIONS Latest Update Actual Exam from Credible Sources with Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor

Real Estate Finance I-CHAMPIONS Latest Update
2024-2025 Actual Exam from Credible Sources
with Questions and Verified Correct Answers
Golden Ticket to Guaranteed A+ Verified by
Professor

_________ are not-for-profit organizations that exist to serve their members.


(a) Mortgage companies


(b) Credit unions


(c) Insurance companies


(d) One that cannot be financed - CORRECT ANSWER: B


_________ is defined as the sum of currency held by the public and transaction
deposits at depository institutions.


(a) M1


(b) M2


(c) M3


(d) MI-5 - CORRECT ANSWER: A


_________ is the process of creating a new mortgage loan.

,(a) Origination


(b) Funding


(c) Underwriting


(d) Servicing


* - CORRECT ANSWER: A


_________ or re-amortizing a mortgage can reduce the borrower's monthly payment,
making a default situation more manageable.


(a) Forecasting


(b) Recasting


(c) Forebearance


(d) Foreclosure - CORRECT ANSWER: B


_________ was established in 1970 for the purpose of purchasing mortgages in the
secondary market.


(a) Fannie Mae


(b) Farmer Mac

, (c) Ginnie Mae


(d) Freddie Mac - CORRECT ANSWER: D


___________ relates to Federal Government spending.


(a) Monetary policy


(b) Legislative policy


(c) Reserve requirement


(d) Fiscal policy - CORRECT ANSWER: D


A claim, lien, charge, or liability attached to and binding real property is a(n)
__________.


(a) Clause


(b) Easement


(c) Encumbrance


(d) Conveyance - CORRECT ANSWER: C


A collateral-dependent loan is also known as a __________.


(a) Title loan