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Real Estate Finance Final Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
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Real Estate Finance Final Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
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Real Estate Finance final exam-.pdf file:///C:/Users/HP/Desktop/NIW/Real%20Estate%20Finance%20finReal Estate Finance Final Exam
1. HUD created the FHA program to help lenders meet the
high demand for FHA backed financing.
A) Automatic endorsement
B) Low doc endorsement
C) Direct endorsement
D) No such program exists
ANS C) Direct endorsement
2. typically aim to build commercial mortgage loan portfoliosthat are
diversified by property type and geography as well as in accordance with applicable
investment guidelines.
A) Pension Funds
B) Commercial Banks
C) REITs
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D) Life Insurance Companies
ANS D) Life Insurance Companies
3. Which is NOT a purpose of the GFE?
A) Helps the consumer compare loan offers
B) Helps the consumer understand the real cost of the loan
C) Helps the consumer choose the right appraiser
D) Helps the consumer make an informed decision about the loan choice
ANS C)Helps the consumer choose the right appraiser
4. This type of mortgage may or may not have "caps".
A) Graduated Mortgage
B) Buydown Mortgage
C) Subprime mortgage
D) Adjustable mortgage
ANS D) Adjustable mortgage
5. The Federal Deposit Insurance Corporation (FDIC) insures deposits andother
accounts up to
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A) $100,000
B) $150,000
C) $200,000
D) $250,000
ANS D) $250,000
6. A notice attached to your property telling the world that a creditor claimsyou owe
the creditor some money.
A) Encumbrance
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B) Lien
C) Mortgage
D) Note
ANS B) Lien
7. A type of real estate company modeled after mutual funds.
A) Pension Funds
B) REIT
C) Life Insurance Company
D) Credit Unions
ANS B) REIT
8. This act governs the process by which federal agencies develop and issueregulations.
A) APA
B) SAFE
C) Dodd-Frank
D) CFPB
Next question
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