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Terms in this set (159)
What is the name of Fannie Mae's Desktop Underwriter
automated underwriting system?
Regarding a balloon loan, which is The balloon is disclosed on the Note and the Trust
the most correct? Deed Ride
The 1003 is which of the following? The Uniform Residential Loan Application
What is the name of Freddie Mac's Loan Prospector
automated underwriting system?
Which of the following is not an A cash advance from a credit card if it doesn't show
acceptable source for the borrower's on the credit report
down payment on a Fannie Mae
loan?
Which of the following is the most It encumbers the borrower's title to the real estate.
correct concerning a trust deed?
, A discount point is best described as a lender to decrease the interest rate on a
a charge that the borrower pays to: mortgage loan.
Which of the following is not Income information
included in a credit score?
Which is not a credit reporting MGIC
agency?
Which is not included in debt-to- Netflix monthly fee
income ratio?
The Homeowners Protection Act Terminated
states that when a loan-to-value falls
below 78% PMI is to be:
PITI is the acronym for: Principal, Interest, Taxes, Insurance.
LTVR/LTV is the acronym for: Loan to value ratio
HELOC is the acronym for: Home Equity Line of Credit..
PUD is the acronym for: Planned Unit Development.
VA is the acronym for: Veteran Affairs.
According to the Truth-in-Lending Hazard insurance
Act (TILA), which of the following
fees is EXCLUDED from the
calculation of the annual percentage
rate?
LIBOR is the acronym for: London Inter-bank Offered Rate.
Exam Set Questions And Verified Answers | Get It
100% Accurate!!| Already Passed A+
Save
Terms in this set (159)
What is the name of Fannie Mae's Desktop Underwriter
automated underwriting system?
Regarding a balloon loan, which is The balloon is disclosed on the Note and the Trust
the most correct? Deed Ride
The 1003 is which of the following? The Uniform Residential Loan Application
What is the name of Freddie Mac's Loan Prospector
automated underwriting system?
Which of the following is not an A cash advance from a credit card if it doesn't show
acceptable source for the borrower's on the credit report
down payment on a Fannie Mae
loan?
Which of the following is the most It encumbers the borrower's title to the real estate.
correct concerning a trust deed?
, A discount point is best described as a lender to decrease the interest rate on a
a charge that the borrower pays to: mortgage loan.
Which of the following is not Income information
included in a credit score?
Which is not a credit reporting MGIC
agency?
Which is not included in debt-to- Netflix monthly fee
income ratio?
The Homeowners Protection Act Terminated
states that when a loan-to-value falls
below 78% PMI is to be:
PITI is the acronym for: Principal, Interest, Taxes, Insurance.
LTVR/LTV is the acronym for: Loan to value ratio
HELOC is the acronym for: Home Equity Line of Credit..
PUD is the acronym for: Planned Unit Development.
VA is the acronym for: Veteran Affairs.
According to the Truth-in-Lending Hazard insurance
Act (TILA), which of the following
fees is EXCLUDED from the
calculation of the annual percentage
rate?
LIBOR is the acronym for: London Inter-bank Offered Rate.
