Champions real estate finance Questions and Correct Answers Latest Update

Champions real estate finance Questions and Correct Answers Latest Update _____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer -Closing The primary determinants of real estate values are supply and _____. - Answer -Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer -Collateral Servicing includes which of the following activities? - Answer -Maintaining records of payment The monetary policies of the _____affects interest rates and the availability of funds. - Answer -Federal Reserve An excess supply of money in the market results in monetary _____. - Answer -Inflation Which agency insures deposits in banks and thrift institutions for up to $250,000? - Answer -The Federal Deposit Insurance Corporation The _____ is the interest rate a reserve bank charges eligible financial institutions to borrow funds on a short-term basis. - Answer -Discount rate Raising taxes and increasing borrowing are two ways at the treasury level to: - Answer -Raise funds to pay for government spending The Fed uses three primary monetary policy tools to influence the cost and availability of credit: open market operations, the discount rate, and _____. - Answer -Reserve requirements When the costs of production and services increase, causing manufacturing prices to rise, it is called _____. - Answer -Cost-push inflation Which of the following transactions is exempt from RESPA? - Answer -Temporary loans Under the _____, the use of certain terms in an advertisement triggers the need for full disclosure of lending terms. - Answer -Truth in Lending Act The Dodd-Frank Wall Street Reform and Consumer Protection Act established the _____. - Answer - Consumer Financial Protection Bureau How can Sylvia ensure that Victor is properly licensed as an RMLO? - Answer -She can look him up in the NMLSRThe secondary mortgage market was designed to provide greater liquidity to the residential real estate market, primarily by _____. - Answer -The sale of mortgage loans as investments Loans originated to adhere to Fannie Mae, Freddie Mac, and Ginnie Mae requirements for purchase are called _____. - Answer -Conforming loans Which of the following housing objectives does Fannie Mae address? - Answer -Regional imbalances of available mortgage credit, The origin