Champions Real Estate Finance Answers 100% Correct!

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANSWERClosing The primary determinants of real estate values are supply and _____. - ANSWERDemand _____ is something of value that can be pledged as security for repayment of a loan. - ANSWERCollateral Servicing includes which of the following activities? - ANSWERMaintaining records of payment The monetary policies of the _____affects interest rates and the availability of funds. - ANSWERFederal Reserve An excess supply of money in the market results in monetary _____. - ANSWERInflation Which agency insures deposits in banks and thrift institutions for up to $250,000? - ANSWERThe Federal Deposit Insurance Corporation The _____ is the interest rate a reserve bank charges eligible financial institutions to borrow funds on a short-term basis. - ANSWERDiscount rate Raising taxes and increasing borrowing are two ways at the treasury level to: - ANSWERRaise funds to pay for government spending The Fed uses three primary monetary policy tools to influence the cost and availability of credit: open market operations, the discount rate, and _____. - ANSWERReserve requirements When the costs of production and services increase, causing manufacturing prices to rise, it is called _____. - ANSWERCost-push inflation Which of the following transactions is exempt from RESPA? - ANSWERTemporary loans Under the _____, the use of certain terms in an advertisement triggers the need for full disclosure of lending terms. - ANSWERTruth in Lending Act The Dodd-Frank Wall Street Reform and Consumer Protection Act established the _____. - ANSWERConsumer Financial Protection Bureau How can Sylvia ensure that Victor is properly licensed as an RMLO? - ANSWERShe can look him up in the NMLSR The secondary mortgage market was designed to provide greater liquidity to the residential real estate market, primarily by _____. - ANSWERThe sale of mortgage loans as investments Loans originated to adhere to Fannie Mae, Freddie Mac, and Ginnie Mae requirements for purchase are called _____. - ANSWERConforming loans Which of the following housing objectives does Fannie Mae address? - ANSWERRegional imbalances of available mortgage credit, The origination of mortgages for sale, The standardization of mortgage loans A _____ lender is one who funds mortgage loans from deposits on hand, retaining the loans long term. - ANSWERPortfolio