HUD Exam - Avoiding Foreclosure accurated 100

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANSWER D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgages, and to expand protection B. To help homeowners avoid foreclosure, stabilize the housing market, and improve the economy. C. To enable 18 states and the District of Columbia to develop locally tailored programs to assist struggling homeowners in their communities. D. To penalize five financial institutions for deceptive lending and foreclosure practices - ANSWER B. To help homeowners avoid foreclosure, stabilize the housing market, and improve the economy. The Consumer Finance Protection Bureau was created: A. To penalize five financial institutions for deceptive lending and foreclosure practices. B. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgages, and to expand protections C. To create a federal agency charged with addressing failures of consumer protection D. To help homeowners avoid foreclosure, stabilize the housing market, and improve the economy - ANSWER C. To create a federal agency charged with addressing failures of consumer protections The National Mortgage Settlement was created: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgages, and to expand protections B. To enable 18 states and the District of Columbia to develop locally tailored programs to assist struggling homeowners in their communities C. To help homeowners avoid foreclosure, stabilize the housing market, and improve the economy D. To penalize five financial institutions for deceptive lending and foreclosure practices. - ANSWER D. To penalize five financial institutions for deceptive lending and foreclosure practices