Champions School of Real Estate Finance COMPLETE
QUESTIONS AND ANSWERS | ALREADY PASSED |
2025 LATEST!!
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 ANSWERS | ALREADY PASSED |
2025 LATEST!!
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
