Champions School Of Real Estate Finance 2025 EXAM
QUESTIONS AND ALL CORRECT ANSWERS 100%
SOLVED AND GUARANTEED SUCCESS!!
Seller's market - (ANSWER)When supply is low and demand is high
Buyer's market - (ANSWER)When supply is high and demand is low
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
To participate in the program, the Veteran obtains a FHA, VA, or conventional
loan from participating lenders - (ANSWER)Texas Veteran's Loan Program
Texas Veterans Land Loan - (ANSWER)Charges less in fees
What is TDHCA? - (ANSWER)(Texas Department of Housing and Community
Affairs) Responsible for affordable housing.
The Housing Assistance Program... - (ANSWER)Is a loan that is eligible for
Veterans, military member and their spouses
The creditor must ensure that the consumer receives the Closing Disclosure form
at lease ________ days before the consumer closes the loan - (ANSWER)3
Business days
QUESTIONS AND ALL CORRECT ANSWERS 100%
SOLVED AND GUARANTEED SUCCESS!!
Seller's market - (ANSWER)When supply is low and demand is high
Buyer's market - (ANSWER)When supply is high and demand is low
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
To participate in the program, the Veteran obtains a FHA, VA, or conventional
loan from participating lenders - (ANSWER)Texas Veteran's Loan Program
Texas Veterans Land Loan - (ANSWER)Charges less in fees
What is TDHCA? - (ANSWER)(Texas Department of Housing and Community
Affairs) Responsible for affordable housing.
The Housing Assistance Program... - (ANSWER)Is a loan that is eligible for
Veterans, military member and their spouses
The creditor must ensure that the consumer receives the Closing Disclosure form
at lease ________ days before the consumer closes the loan - (ANSWER)3
Business days
