451 Real Estate Finance #6 questions with verified
answers
_________ are member owned, not for profit financial cooperatives
that provide savings, credit, and other financial services to their
members.
a. credit unions
b. pension funds
c. retirement programs
d. commercial banks Ans✓✓✓ a. credit unions
__________ typically aim to build commercial mortgage loan portfolios
that are diversified by property type and geography as well as in
accordance with applicable investment guidelines.
a. pension funds
b. commercial banks
c. REITs
d. Life Insurance Companies Ans✓✓✓ d. life insurance companies
A Federal Reserve Bank does all of the following EXCEPT:
a. sells bonds and securities
,b. supervises commercial banks in their region
c. stores currency ad coin
d. processes checks and electronic payments Ans✓✓✓ a
Both lender and borrower will agree to a monthly payment, however,
at a predetermined time, agreed to by all parties, the remainder of the
note will be due.
a. short term mortgage
b. interim financing
c. hard money loan
d. balloon mortgage Ans✓✓✓ d. balloon mortgage
Condemnation, zoning, taxation, and eminent domain describe:
a. social characteristics of land
b. physical char of land
c. visual char of land
d. economic char of land Ans✓✓✓ a.
First established in the 1930's, this provided liquidity of funds and
created more available money for consumption.
, a. primary market
b. federal reserve system
c. VA loans
d. secondary market Ans✓✓✓ d.
Freehold estates are created for what period of time?
a. five years
b. ninety-nine years
c. indeterminate length
d. ten years Ans✓✓✓ c.
HUD created the FHA _________ program to help lenders meet the
high demand for FHA-backed financing.
a. automatic endorsement
b. low doc endorsement
c. direct endorsement
d. no such program exists Ans✓✓✓ c. direct endorsemnt.
Insurance provided by private carrier that protects a lender against a
loss in the event of a foreclosure and deficiency.
answers
_________ are member owned, not for profit financial cooperatives
that provide savings, credit, and other financial services to their
members.
a. credit unions
b. pension funds
c. retirement programs
d. commercial banks Ans✓✓✓ a. credit unions
__________ typically aim to build commercial mortgage loan portfolios
that are diversified by property type and geography as well as in
accordance with applicable investment guidelines.
a. pension funds
b. commercial banks
c. REITs
d. Life Insurance Companies Ans✓✓✓ d. life insurance companies
A Federal Reserve Bank does all of the following EXCEPT:
a. sells bonds and securities
,b. supervises commercial banks in their region
c. stores currency ad coin
d. processes checks and electronic payments Ans✓✓✓ a
Both lender and borrower will agree to a monthly payment, however,
at a predetermined time, agreed to by all parties, the remainder of the
note will be due.
a. short term mortgage
b. interim financing
c. hard money loan
d. balloon mortgage Ans✓✓✓ d. balloon mortgage
Condemnation, zoning, taxation, and eminent domain describe:
a. social characteristics of land
b. physical char of land
c. visual char of land
d. economic char of land Ans✓✓✓ a.
First established in the 1930's, this provided liquidity of funds and
created more available money for consumption.
, a. primary market
b. federal reserve system
c. VA loans
d. secondary market Ans✓✓✓ d.
Freehold estates are created for what period of time?
a. five years
b. ninety-nine years
c. indeterminate length
d. ten years Ans✓✓✓ c.
HUD created the FHA _________ program to help lenders meet the
high demand for FHA-backed financing.
a. automatic endorsement
b. low doc endorsement
c. direct endorsement
d. no such program exists Ans✓✓✓ c. direct endorsemnt.
Insurance provided by private carrier that protects a lender against a
loss in the event of a foreclosure and deficiency.
