Brainarium

Wholesale lenders - CORRECT ANSWER-Table fund at closing. All closing docs in name of wholesale lender. Fannie Mae (FNMA) - CORRECT ANSWER-Federal National Mortgage Association Freddie Mac (FHLMC) - CORRECT ANSWER-Federal Home Loan Mortgage Corporation FHA - CORRECT ANSWER-Federal Housing Administration VA - CORRECT ANSWER-Veteran's Administration Non-agency loans - CORRECT ANSWER-Comprise any loans not made by the 4 lending agencies Conforming loans - CORRECT ANSWER-Any agency loan ...

A borrower's brother would like to give her money to help towards the down payment of her new house. This would be considered.... - CORRECT ANSWER-A gift from a relative and would require a gift letter, as well as proof that the funds have been transferred to the borrower's account. VA sets their own maximum loan limits. - CORRECT ANSWER-False The monthly MI for an FHA loan is calculated by BASE Loan Amount x .85% /12 - CORRECT ANSWER-True Redisclosure of the Truth in Lending is req...

Whould you need tax returns from a borrower who is paid in the following manner? Total yearly income (base + commissions)=$50,000;commission varies each year. - CORRECT ANSWER-yes What are the two documents all retired veterans should bring to application? - CORRECT ANSWER-COE and DD214? At what rate does your borrower qualify on an FHA 30 year fixed, 2/1 buy-down with a note rate of 7.5% and a start rate of 5.5%? - CORRECT ANSWER-7.5% If income is non-taxable, we would consider allowing ...

The builder must provide an appraisal certificate to the mortgage company on a FHA new construction loan prior to closing. - CORRECT ANSWER-False HOA dues are included in the PITI calculation - CORRECT ANSWER-False A room addition is allowed under the FHA 203(K) limited programs. - CORRECT ANSWER-False Loans with an LTV higher than 80% generally require mortgage insurance. - CORRECT ANSWER-True Tenancy in Common is not an acceptable manner in which title may be held. - CORRECT ANSWER-Fal...

A borrower's brother would like to give her money to help towards the down payment of her new house. This would be considered.... - CORRECT ANSWER-A gift from a relative and would require a gift letter, as well as proof that the funds have been transferred to the borrower's account. VA sets their own maximum loan limits. - CORRECT ANSWER-False The monthly MI for an FHA loan is calculated by BASE Loan Amount x .85% /12 - CORRECT ANSWER-True Redisclosure of the Truth in Lending is req...

What amount of height difference is considered a deficiency between an elevator cart and the entrance (using the kick test)? - CORRECT ANSWER-three quarters of an inch Are non-security perimeter fences included in the NSPIRE inspection? - CORRECT ANSWER-no Are utility fences included in the NSPIRE inspection? - CORRECT ANSWER-yes What is inspected for when looking at a utility fence at a property? - CORRECT ANSWER-inspecting to ensure that it is properly locked Is a missing handrail on a...

Which of the following is indicated for hypotension that is unresponsive to fluid resuscitation? - CORRECT ANSWER-A vasopressor agent Which of the following best explains the reason for prone positioning for patients with severe ARDS - CORRECT ANSWER-Improves ventilation-perfusion matching A patient has just been admitted to the ED for an acute asthmatic attack. The physician has prescribed albuterol (provent), Ipratropium Bromide(atrovent), and fluticasone (flovent). Which of the followin...

- A patient with a chronic hypercapnia is receiving home oxygen therapy by transtracheal catheter at 1 LPM. He calls the respiratory clinic and informs the respiratory therapist that he has had increasing episodes of rice-sized mucus balls lodging in his catheter. Which of the following would NOT be appropriate advice for the therapist to give the patient? - CORRECT ANSWER-Increase the frequency of suctioning through the catheter - A respiratory therapist is asked to assess a COPD patient ...

The primary hazard of an oropharyngeal airway device is: - CORRECT ANSWER-- the ot may gag or fight the device While manually ventilating a pt with a bag-valve resuscitator during cardiopulmonary resuscitation (CPR), the RT notices that the oxygen reservoir is missing. The therapist should conclude that: - CORRECT ANSWER--the FiO2 will most likely be less than 1.0 A pt with a tracheostomy tube is producing moderate amounts of thick, tenacious sputum. The best device for this pt would be: ...

An RT is asked to assess a pt with history of CO2 retention & air trapping. The pt complains that he has become increasingly SOB and is having difficulty coughing up secretions. Upon auscultation, the therapist notes scattered coarse crackles and an occasional expiratory wheeze. Most appropriate? - CORRECT ANSWER-Aerosol bronchodilator with PEP therapy 28 week gestation neonate is being manually ventilated following delivery. Chest excursion is poor despite respiratory ventilation with hig...