2025/2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ / Newest Exam
/ Just Released!!
The process of creating a new mortgage loan - ANSWER-Origination
The detailed process of evaluating a borrower's loan
application to determine
the risk involved for the lender - ANSWER-
Underwriting
When there is an excess of money supply in the market -
ANSWER-Monetary
inflation
Which agency insures deposits in bank and thrift institution for
up to $250,000?
- ANSWER-Federal Deposit Insurance
Corporation
prohibit housing discrimination based on sex, race, color,
religion, national
origin, disabilities, or familial status - ANSWER-Federal
Fair Housing
, All residential mortgage loan originators must now be
registered with... - ANSWER-Nationwide Mortgage Licensing
System and Registry (NMLSR)
The practice of refusing to provide financing in a particular area
because of the
location - ANSWER-
Redlining
What was the Community Reinvestment Act (CRA)? -
ANSWER-Law against
bank to ensure that banks would serve the needs of
the community
The Texas Veteran's Loan Program - ANSWER-Buyes loans
from lender
Seller's market - ANSWER-When supply is low and demand is
high
Buyer's market - ANSWER-When supply is high and demand is
low
To participate in the program, the Veteran obtains a FHA, VA,
or conventional
loan from participating lenders - ANSWER-Texas Veteran's
Loan Program