Mortgages Study guides, Revision notes & Summaries

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...

Principles of Real Estate 2 Practice Test Containing 127 Questions with Definitive Solutions . Terms like: A type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the secondary mortgage market is a(n): - Answer: Real Estate Mortgage Investment Conduit (REMIC)

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. 2) Who is appointed to accept process service on behalf of the notary public who is a non-resident? - ANSWER The Secretary of state. 3) Can a notary public be denied reappointment at the time of renewal, e...

Notary- Mortgages & Loans Questions and Answers 100% Correct

REE 4202- Exam 2 Sirmans Qs&As Borrower Qualifications include: - ANS-1. determining maximum loan amount 2. estimating settlement requirements and costs 3. analyzing credit history 4. calculating effective income 5. estimating monthly housing expense 6. assessing ability to repay mortgages and other liabilities in a timely fashion Credit Scoring - ANS--used to assess the creditworthiness of a borrower -best known company FICO (Fair Isaac and Company) -cutoff score for Frannie and Fr...

Complete Solutions Manual for Business Law with UCC Applications, 16th Edition By Paul Sukys ; ISBN13: 9781264217939. Full Chapters included Chapter 1 to 34 + Problems and Cases included. Chapter 1: Ethics and the Law. Chapter 2: Sources of the Law. Chapter 3: The Judicial Process and Cyber-Procedure. Chapter 4: Alternative Dispute Resolution and Cyber-ADR. Chapter 5: Criminal Law and Cybercrimes. Chapter 6: Tort Law and Cybertorts. Chapter 7: The Essentials of Contract Law. Chapter 8: ...

Test Bank for Business Law with UCC Applications 16e 16th Edition by Paul Sukys. ISBN 7939 Full Chapters test bank included (Ch 1 to 34) PART ONE: ETHICS, LAW, AND THE JUDICIAL SYSTEM Chapter 1: Ethics and the Law Chapter 2: Sources of the Law Chapter 3: The Judicial Process and Cyber-Procedure Chapter 4: Alternative Dispute Resolution and Cyber-ADR Chapter 5: Criminal Law and Cybercrimes Chapter 6: Tort Law and Cybertorts Case Study: Roman Catholic Diocese of Brooklyn, New Yo...

C. Net Listing - Answer- Which of the following listing agreements is illegal in most states? Open Listing Exclusive Agency Listing Net Listing Agency Coupled with Interest C. The Cal-Vet loan program requires that the veteran have served a minimum of 90 days' active duty; provide Statement of Service if on active duty (or an honorable discharge if he is no longer active); and be willing to buy a California home or farm. Barney would appear to qualify, based on the given information. - A...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

Champions Real Estate Finance graded A+ already passed 2023Loan-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 ...