1 Exampromax - Stuvia US 2025/2026
AceableAgent- real estate finance Questions and
Answers (100% Correct Answers) Already
Graded A+
Who owns the property when the borrower has a reverse mortgage?
Borrower
A period of significantly reduced economic activity that lasts longer than
six months is known as
Ans: Recession
© 2025 Assignment Expert
Stabilized high unemployment, home foreclosures and low govt interest
Exampromax - Stuvia US
rates are a sign of which phase of real estate cycle
Ans: Recovery
When Fannie Mae packages Kona's to be sold to investors they are creating
Ans: Mortgages backed securities
Why would a lender want to sell their loans on a secondary market
Ans: Bc if they don't their mortgage loans are illiquid and their funds will be tied
up in long term assets
Why are real estate bonds considered a safe investment
Ans: Bonds are tied to property that can be sold to compensate for a default
NOT Required to obtain a VA loan
Ans: Must have at least 3.5% down payment
What is an adjustable rate mortgage (ARM)
Ans: Mortgage with an interest rate that can be adjusted based on fluctuations in
the cost of money
What are Experian, Equifax, and transunion
, 2 Exampromax - Stuvia US 2025/2026
Ans: Credit reporting agencies
Which of the following individuals works with a borrower and multiple
lenders to find competitive loan terms
Ans: Mortgage brokers
Which of the reasons for foreclosure would allow a former homeowner to
access a two year right of redemption period
Ans: Unpaid ad valorem taxes
What federal agency is credited with creating fully amortized 20,30, and 30
year mortgages
© 2025 Assignment Expert
Ans: FHA
Exampromax - Stuvia US
When would a deed in lieu of foreclosure be used
Ans: When a borrower cannot keep the property and voluntarily transfers the title
to the lender
What clause pre-authorizes the lender to foreclose and sell the property
without court oversight or having to file a lawsuit in a nonjudicial
foreclosure
Ans: Power of sale clause
How is a promissory note secured
Ans: by referencing a security instrument
What does a defeasance clause in a deed of trust do
Ans: Explains the title will transfer to owner after the mortgage is paid off
Mortgages that meet Fannie Maes standards are known as
Ans: Conforming loans
Which of these investments would a life insurance company be most
interested in
AceableAgent- real estate finance Questions and
Answers (100% Correct Answers) Already
Graded A+
Who owns the property when the borrower has a reverse mortgage?
Borrower
A period of significantly reduced economic activity that lasts longer than
six months is known as
Ans: Recession
© 2025 Assignment Expert
Stabilized high unemployment, home foreclosures and low govt interest
Exampromax - Stuvia US
rates are a sign of which phase of real estate cycle
Ans: Recovery
When Fannie Mae packages Kona's to be sold to investors they are creating
Ans: Mortgages backed securities
Why would a lender want to sell their loans on a secondary market
Ans: Bc if they don't their mortgage loans are illiquid and their funds will be tied
up in long term assets
Why are real estate bonds considered a safe investment
Ans: Bonds are tied to property that can be sold to compensate for a default
NOT Required to obtain a VA loan
Ans: Must have at least 3.5% down payment
What is an adjustable rate mortgage (ARM)
Ans: Mortgage with an interest rate that can be adjusted based on fluctuations in
the cost of money
What are Experian, Equifax, and transunion
, 2 Exampromax - Stuvia US 2025/2026
Ans: Credit reporting agencies
Which of the following individuals works with a borrower and multiple
lenders to find competitive loan terms
Ans: Mortgage brokers
Which of the reasons for foreclosure would allow a former homeowner to
access a two year right of redemption period
Ans: Unpaid ad valorem taxes
What federal agency is credited with creating fully amortized 20,30, and 30
year mortgages
© 2025 Assignment Expert
Ans: FHA
Exampromax - Stuvia US
When would a deed in lieu of foreclosure be used
Ans: When a borrower cannot keep the property and voluntarily transfers the title
to the lender
What clause pre-authorizes the lender to foreclose and sell the property
without court oversight or having to file a lawsuit in a nonjudicial
foreclosure
Ans: Power of sale clause
How is a promissory note secured
Ans: by referencing a security instrument
What does a defeasance clause in a deed of trust do
Ans: Explains the title will transfer to owner after the mortgage is paid off
Mortgages that meet Fannie Maes standards are known as
Ans: Conforming loans
Which of these investments would a life insurance company be most
interested in
