HUD Practice Exam | 90 Questions with 100% Correct Answers | Verified | Latest Update 2024

What act came about after the assassination of MLK? - The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - When weighing housing options A client works 40 hours a week making $15 an hour. What is the highest monthly mortgage the client can afford based on income if the client secures a conventional loan? - Answer is 728. 40x15=_x52_/12=_.28=728 Front end ratio for Conventional Loan - 28% Back End ratio - Only calculate if you have expenses in the problem. Only include debts that appear on Credit report. If they say Debt to income ratio : - they are looking for Back End Ratio