9/12/25, 5:06 AM RMLO - Champions School of Real Estate Exam Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\20…
RMLO - Champions School of Real Estate Exam
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam) 2025\2026
Save
Terms in this set (109)
A market for the purchase secondary market
and sale of existing
mortgages designed to
provide greater liquidity
for selling mortgages is
called the ________.
The Federal agency Federal Housing Finance Agency (FHFA)
established to restore
Fannie Mae and Freddie
Mac to a sound and
solvent financial condition
is _____.
The ____ guarantee allows Gov't. National Mortgage Association - Ginnie Mae
mortgage lenders to
obtain a better price for
their loan in the capital
markets.
https://quizlet.com/1075282062/rmlo-champions-school-of-real-estate-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252… 1/20
,9/12/25, 5:06 AM RMLO - Champions School of Real Estate Exam Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\20…
The federally chartered Federal Home Loan Mortgage Corporation - Freddie
corporation was Mac
established in 1970 for the
purpose of purchasing
mortgages in the
secondary market is
known as ______.
The line of credit used by warehouse line
a mortgage lender to
close and fund a loan
before selling it in the
secondary market is
called a ____.
Today the _____ specializes mortgage broker
as the intermediary
between the borrower
and the lender.
A _____ is a mortgage that is conventional loan
NOT guaranteed or
insured by any
government agency.
A ____ seeks to originate mortgage banker
numerous loan
transactions and then sell
these mortgages to large
investors.
The Good Faith Estimate reverse mortgage
disclosure form is used
primarily for _____
transactions.
https://quizlet.com/1075282062/rmlo-champions-school-of-real-estate-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252… 2/20
, 9/12/25, 5:06 AM RMLO - Champions School of Real Estate Exam Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\20…
The disclosures related to mortgage servicing
the transfer of ______ are
required for first mortgage
liens of federally related
mortgage loans, including
all financing transactions
of such loans.
_____ sets limits on the RESPA Section 10
amounts that a lender may
require a borrower to put
into an escrow account for
purposes of paying taxes,
hazard insurance and
other charges related to
the property.
Payments in excess of the kickbacks
reasonable value of
goods provided or
services rendered are
considered _____.
If a lender has either an affiliated business arrangement (ABA)
affiliate relationship or a
direct ownership interest
of more than one percent
in a provider of settlement
services and they directly
refer business to the
provider, it is per Reg X a
_____.
Reg X requires the ______ initial escrow settlement statement
must be provided at
settlement, or within 45
calendar days of
settlement.
https://quizlet.com/1075282062/rmlo-champions-school-of-real-estate-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252… 3/20
RMLO - Champions School of Real Estate Exam
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam) 2025\2026
Save
Terms in this set (109)
A market for the purchase secondary market
and sale of existing
mortgages designed to
provide greater liquidity
for selling mortgages is
called the ________.
The Federal agency Federal Housing Finance Agency (FHFA)
established to restore
Fannie Mae and Freddie
Mac to a sound and
solvent financial condition
is _____.
The ____ guarantee allows Gov't. National Mortgage Association - Ginnie Mae
mortgage lenders to
obtain a better price for
their loan in the capital
markets.
https://quizlet.com/1075282062/rmlo-champions-school-of-real-estate-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252… 1/20
,9/12/25, 5:06 AM RMLO - Champions School of Real Estate Exam Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\20…
The federally chartered Federal Home Loan Mortgage Corporation - Freddie
corporation was Mac
established in 1970 for the
purpose of purchasing
mortgages in the
secondary market is
known as ______.
The line of credit used by warehouse line
a mortgage lender to
close and fund a loan
before selling it in the
secondary market is
called a ____.
Today the _____ specializes mortgage broker
as the intermediary
between the borrower
and the lender.
A _____ is a mortgage that is conventional loan
NOT guaranteed or
insured by any
government agency.
A ____ seeks to originate mortgage banker
numerous loan
transactions and then sell
these mortgages to large
investors.
The Good Faith Estimate reverse mortgage
disclosure form is used
primarily for _____
transactions.
https://quizlet.com/1075282062/rmlo-champions-school-of-real-estate-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252… 2/20
, 9/12/25, 5:06 AM RMLO - Champions School of Real Estate Exam Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\20…
The disclosures related to mortgage servicing
the transfer of ______ are
required for first mortgage
liens of federally related
mortgage loans, including
all financing transactions
of such loans.
_____ sets limits on the RESPA Section 10
amounts that a lender may
require a borrower to put
into an escrow account for
purposes of paying taxes,
hazard insurance and
other charges related to
the property.
Payments in excess of the kickbacks
reasonable value of
goods provided or
services rendered are
considered _____.
If a lender has either an affiliated business arrangement (ABA)
affiliate relationship or a
direct ownership interest
of more than one percent
in a provider of settlement
services and they directly
refer business to the
provider, it is per Reg X a
_____.
Reg X requires the ______ initial escrow settlement statement
must be provided at
settlement, or within 45
calendar days of
settlement.
https://quizlet.com/1075282062/rmlo-champions-school-of-real-estate-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252… 3/20
