Mortgages Study guides, Revision notes & Summaries

AQA A-level ECONOMICS 7136/2 Paper 2 National and International Economy Version: 1.0 Final IB/G/Jun23/E6 7136/2 Monday 22 May 2023 Afternoon Time allowed: 2 hours Materials For this paper you must have: • an AQA 12-page answer book • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Write the information required on the front cover of your answer book. The Paper Reference is 7136/2. • In Section A, answer EIT...

A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. Federal Housing Finance Agency (FHFA) The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. Gov't. National Mortgage Association - Ginnie Mae ...

New Jersey Notary Public Certification Exam (2024) || All Questions & Answers (100% Expert Verified) New Jersey Notary Public Certification Exam (2024) || All Questions & Answers (100% Expert Verified) 1) When can a notary public reapply for commission without re-testing? - ANSWER - 1) Up until 6 months from expiration date. 2) Up until 1 year after military discharge (except dishonorable) 3) When the renewal is mailed to the notary public reminding that expiration date is in 3 months. ...

MBE PROPERTY - 2024 - MORTGAGES AND SECURITY INTERESTS

Who are reverse mortgages popular products for and why? correct answers Popular for older homeowners who have equity in their homes and little or no income. What do reverse mortgages allow people to do? correct answers Allow older homeowners to use equity in their homes to meet expenses of living or to pay for home improvements Are borrowers required to repay a reverse mortgage? correct answers They are not required to repay as long as they continue to live in the home At what age are r...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Foundations of Business Finance (Peregrine) question with correct answers 2023True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. - correct answer True __________ liabilities are those due within one year. - correct answer Current __________-__________ __________ liabilities are due after more than a year, and may include bonds, mortgages, and long-term loans. - correct answer Long-term debt Name the three types of accounts listed as c...

These notes cover most of the topics taught on the postgraduate conversion courses in the UK (the GDL and the PGDL). They can also cover many introductory papers taught on UK undergraduate Law degrees (LLBs). This document is written in the form of step-by-step exam plans. Compared to standard notes, this will save you lots of time. Most people will make notes during class, and then create exam plans nearer exams. Here, you take both steps together. Using these notes, I gained a Distinctio...

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting Which of the...

Most economists agree that __________ and _________ were the root causes of the economic downturn. - - sub-prime mortgages - other risky financial instruments Financial statements prepared by organizations play an important role in keeping America's markets efficient, what do financial statements provide? - - meaningful disclosures of: ---where a company has been ---where it is currently ---where it is going Financial statement fraud is also referred to as ______________. - - management...