Prepayment Study guides, Class notes & Summaries

Adaptive Funeral Rite correct answer: A rite adjusted to the needs of the family or the trends of the time Pre-planned funeral arrangements correct answer: funeral arrangements made in advance of need that do not include provisions for funding or prepayment Perfection Half Couch correct answer: a casket in which the rim (ogee), crown, and pies are formed as one unit with a transverse cut in the cap, forming a two piece lid for the casket. Aron correct answer: the term for "casket"...

Mortgage Backed Securities Final Exam 2023 with complete solution Why is prepayment less of an issue with commercial loans than it is with home mortgage loans? Explain Yield Maintenance & Defeasance prepayment restrictions. 1) Commercial loans have strong call protections and penalties to the borrow if they prepay the loan. Home loans do not have prepayment penalties. Yield Maintenance Penalty - Present Value of lost payments will be paid to the lender to maintain their expected yield ...

What is created on a title if there are any problems found with the physical layout of the property or in the title search results? a cloud A loan application exists when a consumer has submitted his or her name, income, property address, estimated value of property, amount of mortgage loan sought and: Social security number Brainpower Read More What part of the Closing Disclosure details the total amount of all payments on the loan and the annual percentage rate (APR)? loan cal...

Chapter 1 CPMA Exam Prep Questions and Answers 100% Solved 12.1%# of improper Medicare Fee-For-Service claim payments, according to Federal Government. FFSFee-For-Service Prepayment ReviewReview of claims prior to payment. Prepayment reviews result in an initial determination. Postpayment ReviewReview of claims after payment. May result in either no change to the initial determination or a revised determination, indicating an underpayment or overpayment. UnderpaymentA payment a provi...

Chapter 1 CPMA Exam Prep Questions and Answers 100% Solved 12.1%# of improper Medicare Fee-For-Service claim payments, according to Federal Government. FFSFee-For-Service Prepayment ReviewReview of claims prior to payment. Prepayment reviews result in an initial determination. Postpayment ReviewReview of claims after payment. May result in either no change to the initial determination or a revised determination, indicating an underpayment or overpayment. UnderpaymentA payment a provi...

NMLS SAFE EXAM STUDY GUIDE What does TILA stand for? - Truth-In-Lending Act, Regulation Z What is a HELOC loan? - a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - LTV stands for - Loan to Value Define PMI and state what the acronym stands for. - Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived for? - Disabled veterans and survi...

Mortgage Backed Securities Final Exam 2023 with complete solution Why is prepayment less of an issue with commercial loans than it is with home mortgage loans? Explain Yield Maintenance & Defeasance prepayment restrictions. 1) Commercial loans have strong call protections and penalties to the borrow if they prepay the loan. Home loans do not have prepayment penalties. Yield Maintenance Penalty - Present Value of lost payments will be paid to the lender to maintain their expected yield ...

Dr/Cr - ICAEW ACA Accounting(Generic) Cash paid during the year in expense ledger - correct answer "Dr Expense Cr Cash " (Generic) Cash paid received the year in income ledger - correct answer "Dr Cash Cr Income " Calculate whether a closing accrual is required - correct answer "Dr Expense Cr Accruals " Calculate whether a closing accrued income adjustment is required - correct answer "Dr Accrued income Cr Income " Calculate whether a closing prepayment is requ...

Fair Housing Act of 1968 -It outlawed: Refusal to sell or rent a dwelling to any person because of race, color, religion, sex, handicap or national origin. & financing/advertising -False statements concerning availability of housing -Stating different terms or conditions - lenders: deny loans or specifying different terms Federal Truth-in-Lending Law -Part of Consumer Credit Protection Act of 1968. Regulation Z -Disclosure of all financial charges -Interest rate -Prepayment penalty -La...

12.1% correct answers # of improper Medicare Fee-For-Service claim payments, according to Federal Government. FFS correct answers Fee-For-Service Prepayment Review correct answers Review of claims prior to payment. Prepayment reviews result in an initial determination. Postpayment Review correct answers Review of claims after payment. May result in either no change to the initial determination or a revised determination, indicating an underpayment or overpayment. Underpayment correct...