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AYPO Real Estate Finance Final Exam Review With 100% Correct And Verified Answers
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AYPO Real Estate Finance Final Exam Review With 100% Correct And Verified Answers
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AYPO Real Estate Finance Final ExamReview With 100% Correct And Verified
Answers
Which of these is not among the generally reliable market source for home finance? -
Correct Answer-Inheritance
An amortized loan is best described by which of the following? - Correct Answer-One
that is paid off with a fixed schedule in regular installments over time.
Which of these is not one of the four phases of the real estate cycle? - Correct Answer-
Demand
Investment products (such as securities) are purchased and/or exchanged in the: -
Correct Answer-1. Primary market
2. Secondary market
Which of these financial resources in not a credit reporting agency? - Correct Answer-
Standard and Poor's
The Federal Reserve System does not directly control which of the following? - Correct
Answer-1. Levels of employment.
2. National production.
3. Inflation.
Which of these is not a negotiable instrument? - Correct Answer-Crossed check
Which of these IS NOT a function of the Dept. of the Treasury? - Correct Answer-
Providing home loans directly to consumers
Which of these is a major focus area of the FDIC? - Correct Answer-1. Bank deposit
insurance
2. Receivership management
3. Banking regulation supervision
Which of these cities IS NOT home to one of the 11 regional FHLBs? - Correct Answer-
Seattle
What occurs in secondary capital markets? - Correct Answer-Securities are traded
between investors
, Government-sponsored agencies that provide support to the real estate finance industry
include which of the following? - Correct Answer-1. Federal Deposit Insurance
Corporation (FDIC)
2. U. S. Department of the Treasury
3. Federal Home Loan Banks
The FHA assists in providing mortgage insurance for all of these, except for which of the
following? - Correct Answer-Retail business establishments.
If a borrower has credit scores above 580, the required downpayment on an FHA-
backed loan is normally what percent of the value of the property? - Correct Answer-
3.50%
Which of these acts revised the mortgage lending disclosures effective as of October
2015? - Correct Answer-TILA-RESPA
What is the purpose of a Certificate of Eligibility? - Correct Answer-To verify that the
borrower is in fact allowed to receive a VA loan
Which of the following is a part of the Making Home Affordable® Program? - Correct
Answer-The Principal Reduction Alternative
Which of these is a housing resource in Texas? - Correct Answer-1. TSAHC
2. HUD - Texas
3. TDHCA
Agricultural loans make up approximately ___ of all bank loans. - Correct Answer-1%
Which of these IS NOT required to request a Loan Estimate from a lender? - Correct
Answer-Borrower employment history
Which of these IS NOT a focus of the Closing Disclosure? - Correct Answer-Inspection
and repair agreements
IPOs (initial public offerings) take place in the ________ market while MBSs (mortgage-
backed securities) sales generally occur in the ________ market. - Correct Answer-
Primary, secondary
Which of these is owned and operated as a government agency? - Correct Answer-
Ginnie Mae
Which of these is allowed to be a part of the pool of assets forming a REMIC? - Correct
Answer-Single-family mortgages
Which is NOT generally true of commercial banks? - Correct Answer-Their primary
focus is on underwriting and the securities trade
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