real estate finance- TREBS questions with verified
answers
Ans✓✓✓ The _________ is a massive piece of financial reform
legislation passed in 2010 as a response to the financial crisis of 2008.
A. Government National Mortgage Association
B. Administrative Procedure Act
C. Community Reinvestment Act
D. Dodd-Frank Wall Street Reform and Consumer Protection Act
____ 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
___________ are member owned, not for profit financial cooperatives
a. credit unions
b. pension funds
c. retirement programs
d. commercial banks Ans✓✓✓ a. credit unions
,B Ans✓✓✓ The goal of the _________ is to reduce fraud by
encouraging states to establish minimum standards for the licensing
and registration of state-licensed mortgage loan originators.
A. Fair Housing Act
B. The Secure and Fair Enforcement for Mortgage Licensing Act
C. Government National Mortgage Association
D. Community Reinvestment Act
both lender and borrower will agree to a montly payment, however, at
a predetermined time, agreed to by all parties, the remainder will be
due
a. short term mortgage
b. interiem 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 characteristics of land
c. visual characteristics of land
d. economic characteristics of land Ans✓✓✓ a. social characteristics of
land
, FDIC insures deposits and other accounts up to
a. 100,00
b. 150,000
c. 200,000
d. 250,000 Ans✓✓✓ d. 250,000
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. secondary market
freehold estates are created for what period of time?
a. five years
b. 99 years
c. indeterminate length
d. ten years Ans✓✓✓ c. indeterminate length
HUD created the FHA ___________ program to help lenders meet the
high demand for FHA- backed financing
a. automatic endorsement
b. low doc endorsement
answers
Ans✓✓✓ The _________ is a massive piece of financial reform
legislation passed in 2010 as a response to the financial crisis of 2008.
A. Government National Mortgage Association
B. Administrative Procedure Act
C. Community Reinvestment Act
D. Dodd-Frank Wall Street Reform and Consumer Protection Act
____ 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
___________ are member owned, not for profit financial cooperatives
a. credit unions
b. pension funds
c. retirement programs
d. commercial banks Ans✓✓✓ a. credit unions
,B Ans✓✓✓ The goal of the _________ is to reduce fraud by
encouraging states to establish minimum standards for the licensing
and registration of state-licensed mortgage loan originators.
A. Fair Housing Act
B. The Secure and Fair Enforcement for Mortgage Licensing Act
C. Government National Mortgage Association
D. Community Reinvestment Act
both lender and borrower will agree to a montly payment, however, at
a predetermined time, agreed to by all parties, the remainder will be
due
a. short term mortgage
b. interiem 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 characteristics of land
c. visual characteristics of land
d. economic characteristics of land Ans✓✓✓ a. social characteristics of
land
, FDIC insures deposits and other accounts up to
a. 100,00
b. 150,000
c. 200,000
d. 250,000 Ans✓✓✓ d. 250,000
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. secondary market
freehold estates are created for what period of time?
a. five years
b. 99 years
c. indeterminate length
d. ten years Ans✓✓✓ c. indeterminate length
HUD created the FHA ___________ program to help lenders meet the
high demand for FHA- backed financing
a. automatic endorsement
b. low doc endorsement
