Champions Real Estate Finance - 30 hour Questions And Answers 100% Correct!

Character, Credit Score, Capacity, Capitol, and Collateral - ANSWERSWhat do creditors use to approve loans? Par Loan - ANSWERSA loan that is made at the current market rate of interest. Origination - ANSWERSThe process of creating a new mortgage loan, including all steps taken by a lender, to attract and qualify a borrower. Mortgage Broker - ANSWERSTypically functions as a middleman between the borrower and the lender, negotiating, selling, or arranging loans to be delivered to larger investors Mortgage Banker - ANSWERSEntities which provide their own funds for the purpose of providing mortgage financing. Correspondent Lender - ANSWERSThese lenders typically extend loans with their own funds, at their own risk. Underwriting Suscribir - ANSWERSEl proceso de evaluación de la solicitud de préstamo de un prestatario para determinar el riesgo que implica para el prestamista. The process of evaluating a borrower's loan application to determine the risk involved for the lender. Monetary Policy - ANSWERSThe maintenance of a stable money supply that provides for growth in the economy while keeping inflation in check. The Federal Reserve is responsible for Monetary policy in the U.S. Fiscal Policy - ANSWERSFederal Government spending - Raising taxes - Increasing borrowing Federal Reserve - ANSWERS(The Fed) The central banking system of the U.S. Discount Rate - ANSWERSThe interest rate a Reserve Bank charges eligible financial institutions to borrow funds on a short term basis. FHA Mortgage Insurance - ANSWERSLenders bear risk because the FHA will pay a claim to the lender in the event the homeowners default. Federal Fair Housing - ANSWERSstatues prohibit housing discrimmination based on race, color, national origin, sex, religion, families with children, and disabilities. Nationwide Mortgage Licensing System and Registry (NMLSR) - ANSWERSWhat ALL residential mortgage loan originators must now be registered with. Texas Department of Housing and Community Affairs (TDHCA) - ANSWERSAgency responsible for afforadable housing, housing related and community service programs, and the regulation of the state's manufactured housing industry. Texas Veteran's (Home Loan Program) - ANSWERSThis loan is sold to the Texas Veteran's Land Board (VLB) , as opposed to a secondary market purchaser such as