Subprime Study guides, Revision notes & Summaries

Statment of Financial Position - correct answer Assets and Liabilities Net Worth Balances "balance sheet" Cash Flow Statment - correct answer Inflows and Outflows Payments Assets - correct answer cash and equivilants, stock, use assets, things clients own **even if not completly paid for. Should be valued at fair market value. **leased property and equipment are not typically included and may be shown in footnotes Liabilities - correct answer credit cards, bank ...

Real Estate 87 Economics Final Exam 2023/2024 Questions and Answers Latest A+ Grade. Real Estate 87 Economics Question 1 . Compared to a 30-year loan, a 15-year loan usually has: B. a lower interest rate and a larger monthly payment Question 2 What federal law requires lenders to disclose information that would help detect instances of redlining? C. Home Mortgage Disclosure Act Question 3 Which of these types of income is least likely to be counted as part of a loan applicant...

Implicit Bias IIIWhat is an example of Racial Preference? - correct answer Consumer choices in neighborhoods and housing. (e.g. white flight to white avoidance) What is an example of Racial Transaction? - correct answer Discrimination in Housing Practices: rental, sale, assessment, and lending. What are Racialized Rates of Foreclosure? - correct answer 1. Lender's Targeted communities of color with subprime loans. 2. Lack of loan information or understanding for consumers in many of thes...

Test Bank MISHKIN: THE ECONOMICS OF MONEY, BANKING & FINANCIAL MARKETS 9TH EDITION BY Kathy Kelly & Richard G. Stahl Chapter 1 Why Study Money, Banking, and Financial Markets?................................................1 Chapter 2 An Overview of the Financial System.........................................................................20 Chapter 3 What Is Money?..............................................................................................................43 Chapter 4 Und...

Test bank for intermediate accounting 9th canadian edition CHAPTER 1 THE CANADIAN FINANCIAL REPORTING ENVIRONMENT MULTIPLE CHOICE—Conceptual Answer No. Description d 1. Accounting characteristics. a 2. Nature of financial accounting. c 3. Definition of financial accounting. a 4. Financial reporting entity. d 5. Efficient use of resources. d 6. Capital allocation process. c 7. Assessing management stewardship. c 8. Objectives of financial reporting. a 9. Role of AcSB. c 10....

Real Estate 87 Economics Final Exam 2023/2024 Questions and Answers Latest A+ Grade. Real Estate 87 Economics Question 1 . Compared to a 30-year loan, a 15-year loan usually has: B. a lower interest rate and a larger monthly payment Question 2 What federal law requires lenders to disclose information that would help detect instances of redlining? C. Home Mortgage Disclosure Act Question 3 Which of these types of income is least likely to be counted as part of a loan applicant...

RESP does not apply to: a) Loans secured by a lien on a principal dwelling b) Federally related mortgage loans c) Subprime mortgage loans d) Loans for business, commercial and agricultural purposes - ANSWER d) Loans for business, commercial and agricultural purposes Under the Fair Credit Reporting Act, which of the following entities has the burden of protecting a consumer's privacy when his/her credit information is being reported? a) Credit reporting agency b) HUD c) Mortgage broke...

HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANS...

NMLS Practice Exam Questions and Answers RESP does not apply to: a) Loans secured by a lien on a principal dwelling b) Federally related mortgage loans c) Subprime mortgage loans d) Loans for business, commercial and agricultural purposes - Answer-d) Loans for business, commercial and agricultural purposes Under the Fair Credit Reporting Act, which of the following entities has the burden of protecting a consumer's privacy when his/her credit information is being reported? a)...

If a lender transfers the servicing of a mortgage, it must inform the borrower at least how many days in advance of the effective date of transfer? Answer 15 Days The primary reason to provide a borrower with a revised LE is to Answer Accommodate changed circumstances. (A revised LE may be provided if there are changed circumstances.) The agency responsible for administering the Equal Credit Opportunity Act is the Answer Consumer Financial Protection Bureau. FHA is administered by Answe...