Champions Real Estate Finance Exam Bundle Questions and Answers with Complete Solutions!!

mortgage Broker - ANSWER-Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWER-Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWER-Small...

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. -ANSWER- Closing The primary determinants of real estate values are supply and _____. -ANSWER- Demand _____ is something...

Servicing - ANSWER-Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies Benefits of home ownership: - ANSWER-Occupancy, Tax Benefits, Pride of Ownership, Security, Investment Character - ANSWER-the willingness of a bo...

A loan with no discount points is known as a - ANSWER-Par loan What is Fiat money - ANSWER-Currency 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 _____ - ANSWER-Raising Taxes The ________ is...

Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding -ANSWER- The process of transferring funds to a title or escrow company for disbursement Servicing -ANSWER- Sending monthly payment statements and collecting mon...

Underwriting -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the lender Funding -ANSWER- The process of transferring funds to a title or escrow company for disbursement Servicing -ANSWER- Sending monthly payment statements and collecting mon...

Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWER-in 1970 for the purpose of purchasing mortgages in the secondary market. Freddie Mac is a stockholder-owned corporation chartered by Congress to increase the supply of funds th...