NMLS Exam Prep 2022/ 2023 with 100% correct answers

How long do conumers have to file a lawsuit over alleged violations of Section 6 of Respa? HOEPA applies to which of the following types of loans? Many financial experts believe that the repeal of the 1933 led directly to the financial crisis of by: Under the Mars rule, if your firm offers to help people in financial straits who are seeking to lower their mortgage payments, it is illegal to advise them to How long after a business inquiry from a consumer is a lender allowed to solicit him or her over the phone if the customer is on the Do not all list? Based on 2017 guidelines, which of the following is by definition a conventional non conforming mortgage? The monthly payment on which of the following types of mortgages become less valuable during of higher inflation The actual amount of money a home buyer borrows is called Why would a law punishing loan officers for giving clients unsuitable mortgage be hard to enforce? Under Fannie Mae guidelines what is the maximum loan -to-value ratio for a fixed rate mortgage for a four unit investment property? Which of the following does not constitute fraud on the part of a borrower? Which of the following fraud schemes involves real estate professionals lying to lenders about the value of a foreclosed property? Which of the following is a red flag that suggests fraud has probably occurred? Which of the following documents would not be needed at a typical closing Which of the following is not true of a jumbo mortgage? The sales price of a home is $100,000 on a 90% LTV 30 year fixed mortgage. Fannie Mae/Freddie Mac requires 25% coverage giving us a rate 0.62%. What is the loan amount Under the safe Act a state has all of the following authorities Except