TEXAS REAL ESTATE FINANCE FINAL ACTUAL
TEST PAPER 2026 QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
◉ Cancel loan application within 3 business days. Answer: What is the
right of rescission under Regulation Z?
◉ Acquire and redevelop foreclosed properties. Answer: What is the
goal of the neighborhood stabilization program?
◉ FHFA. Answer: What agency regulates Fannie Mae and Freddie
Mac?
◉ Banker makes loan, broker brings borrower and lender together.
Answer: What is the difference between a mortgage banker and a
mortgage broker?
◉ Specific lien: 1 property; general lien > 1 property. Answer: What is
the difference between a specific lien and a general lien?
◉ Can't usually make payment; need to refinance. Answer: What is the
drawback of a loan with a balloon payment?
◉ HUD. Answer: What entity administers the Federal Housing
Administration?
, ◉ Damaged credit; harder and more expensive to get loans possible tax
consequences. Answer: What future impacts might a foreclosure have on
a borrower?
◉ $ yrs
$10000 or less / 10 yrs. Answer: The home improvement program
offered by the Texas Veterans Land board is for up to what dollar
amount and for what length term?
◉ Buying and selling treasury and other gov't securities. Answer: What
is the primary activity of the Federal Reserve's open market operations?
◉ Fannie / Freddie underwriting guidelines. Answer: Define conforming
loans
◉ Fannie / Freddie
28% / 36%
FHA
31% / 43%
VA
41%. Answer: What are the debt-to-income ratios used by the FHA and
the VA? What ratios are used by Fannie Mae / Freddie Mac for
conventional loans?
TEST PAPER 2026 QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
◉ Cancel loan application within 3 business days. Answer: What is the
right of rescission under Regulation Z?
◉ Acquire and redevelop foreclosed properties. Answer: What is the
goal of the neighborhood stabilization program?
◉ FHFA. Answer: What agency regulates Fannie Mae and Freddie
Mac?
◉ Banker makes loan, broker brings borrower and lender together.
Answer: What is the difference between a mortgage banker and a
mortgage broker?
◉ Specific lien: 1 property; general lien > 1 property. Answer: What is
the difference between a specific lien and a general lien?
◉ Can't usually make payment; need to refinance. Answer: What is the
drawback of a loan with a balloon payment?
◉ HUD. Answer: What entity administers the Federal Housing
Administration?
, ◉ Damaged credit; harder and more expensive to get loans possible tax
consequences. Answer: What future impacts might a foreclosure have on
a borrower?
◉ $ yrs
$10000 or less / 10 yrs. Answer: The home improvement program
offered by the Texas Veterans Land board is for up to what dollar
amount and for what length term?
◉ Buying and selling treasury and other gov't securities. Answer: What
is the primary activity of the Federal Reserve's open market operations?
◉ Fannie / Freddie underwriting guidelines. Answer: Define conforming
loans
◉ Fannie / Freddie
28% / 36%
FHA
31% / 43%
VA
41%. Answer: What are the debt-to-income ratios used by the FHA and
the VA? What ratios are used by Fannie Mae / Freddie Mac for
conventional loans?
