RMLO - Champions School of Real Estate Exam
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam)
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Practice questions for this set
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appraisal
Choose an answer
A market for the purchase and sale of existing mortgages designed to provide greater
1
liquidity for selling mortgages is called the ________.
, Reg B requires that the mortgage loan originators provide a copy of the _____ report used
2
in connection with an application for credit to be secured by a lien on a dwelling.
If a lender has either an affiliate relationship or a direct ownership interest of more than
3 one percent in a provider of settlement services and they directly refer business to the
provider, it is per Reg X a _____.
The line of credit used by a mortgage lender to close and fund a loan before selling it in
4
the secondary market is called a ____.
Don't know?
Terms in this set (109)
A market for the purchase and sale of secondary market
existing mortgages designed to
provide greater liquidity for selling
mortgages is called the ________.
The Federal agency established to Federal Housing Finance Agency (FHFA)
restore Fannie Mae and Freddie Mac
to a sound and solvent financial
condition is _____.
The ____ guarantee allows mortgage Gov't. National Mortgage Association - Ginnie Mae
lenders to obtain a better price for
their loan in the capital markets.
, The federally chartered corporation Federal Home Loan Mortgage Corporation -
was established in 1970 for the Freddie Mac
purpose of purchasing mortgages in
the secondary market is known as
______.
The line of credit used by a mortgage warehouse line
lender to close and fund a loan
before selling it in the secondary
market is called a ____.
Today the _____ specializes as the mortgage broker
intermediary between the borrower
and the lender.
A _____ is a mortgage that is NOT conventional loan
guaranteed or insured by any
government agency.
A ____ seeks to originate numerous mortgage banker
loan transactions and then sell these
mortgages to large investors.
The Good Faith Estimate disclosure reverse mortgage
form is used primarily for _____
transactions.
The disclosures related to the transfer mortgage servicing
of ______ are required for first
mortgage liens of federally related
mortgage loans, including all
financing transactions of such loans.
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam)
Play your way to mastery with fun games
Match Blocks Charms NEW
Practice questions for this set
Learn 1 /7 Study with Learn
appraisal
Choose an answer
A market for the purchase and sale of existing mortgages designed to provide greater
1
liquidity for selling mortgages is called the ________.
, Reg B requires that the mortgage loan originators provide a copy of the _____ report used
2
in connection with an application for credit to be secured by a lien on a dwelling.
If a lender has either an affiliate relationship or a direct ownership interest of more than
3 one percent in a provider of settlement services and they directly refer business to the
provider, it is per Reg X a _____.
The line of credit used by a mortgage lender to close and fund a loan before selling it in
4
the secondary market is called a ____.
Don't know?
Terms in this set (109)
A market for the purchase and sale of secondary market
existing mortgages designed to
provide greater liquidity for selling
mortgages is called the ________.
The Federal agency established to Federal Housing Finance Agency (FHFA)
restore Fannie Mae and Freddie Mac
to a sound and solvent financial
condition is _____.
The ____ guarantee allows mortgage Gov't. National Mortgage Association - Ginnie Mae
lenders to obtain a better price for
their loan in the capital markets.
, The federally chartered corporation Federal Home Loan Mortgage Corporation -
was established in 1970 for the Freddie Mac
purpose of purchasing mortgages in
the secondary market is known as
______.
The line of credit used by a mortgage warehouse line
lender to close and fund a loan
before selling it in the secondary
market is called a ____.
Today the _____ specializes as the mortgage broker
intermediary between the borrower
and the lender.
A _____ is a mortgage that is NOT conventional loan
guaranteed or insured by any
government agency.
A ____ seeks to originate numerous mortgage banker
loan transactions and then sell these
mortgages to large investors.
The Good Faith Estimate disclosure reverse mortgage
form is used primarily for _____
transactions.
The disclosures related to the transfer mortgage servicing
of ______ are required for first
mortgage liens of federally related
mortgage loans, including all
financing transactions of such loans.
