Champions Real Estate Finance Questions And Answers 100% Correct!

Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Champions Real Estate Finance Questions And Answers 100% Correct! Congress created the Federal Housing Administration in - ANSWERS1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous ___ years - ANSWERS5 years A loan with no discount points is known as a - ANSWERSPar loan What is Fiat money - ANSWERSCurrency that is not backed up by any precious metals At the treasury level, funds can be raised to pay for government spending by increasing borrowing and _____ - ANSWERSRaising Taxes The ________ is the interest rate a reserve bank charges eligible financial to borrow funds on a short term basis - ANSWERSDiscount rate The Fed uses three monterary policy tools to influence the cost and availability of credit: Open Market operations, the discount rate and ____ - ANSWERSReserve Requirements Through which avenue does the US Treasury promote economic growth? - ANSWERSPolicies that support job creation Which of the following is NOT a function of the Department of the Treasury - ANSWERSCampaign finance reform According to the Taxpayer Bill of Rights, taxpayers have the right to: - ANSWERSPay no more than the correct amount of tax, be informed, privacy When was HARP introduced? - ANSWERS2009 Which refinancing option does HARP offer? - ANSWERSChange from an adjustable to a fixed-rate mortgage, lower interest rates, shorter term loans The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010 established the - ANSWERSConsumer Financial Protection Bureau Real Estate transactions regulated by the Office of Consumer Credit Commissioner include which of the following? - ANSWERSHome equity loans, Home improvement loans and secondary mortgages... all of these The Community Reinvestment Act, enacted in _____ ensures that banks serve the needs of the community in which they were chartered - ANSWERS1977 Secondary Mortgage Market - ANSWERSEncompasses the purchase and sale of existing mortgages to investors Disintermediation - ANSWERSthe act of moving funds from one investment arena to another REMIC - ANSWERSholds mortgages in trust for the benefit of investors Conforming Loan - ANSWERSAdheres to Fannie Mae and Freddie Mac requirement for purchase of a mortgage Yield - ANSWERSreturn on an investment Redlining - ANSWERSThe practice of refusing to provide financing in a particular area because of location SML - ANSWERSResponsible for the chartering, regulation and supervision of Texas thrift industry TDHCA - ANSWERSResponsible for the regulation of the Texas manufactured housing industry SAFE Act - ANSWERSDesigned to enhance consumer protection and reduce fraud RMLO - ANSWERSThe industry term for residential loan originators, as mandated by the SAFE act Monetary policy - ANSWERSpolicy that deals with interest rates and the supply of money in the US economy Fiscal Policy - ANSWERSRelates to federal government Open-Market Operations - ANSWERSBuying or selling government securities by the federal reserve