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AYPO Real Estate. Real Estate Finance Final Exam Review Questions and Answers
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AYPO Real Estate. Real Estate Finance Final Exam Review
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AYPO Real Estate. Real Estate FinanceFinal Exam Review
Which of these is not among the generally reliable market source for home finance? -
answer Inheritance
An amortized loan is best described by which of the following? - 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? - answer Demand
Investment products (such as securities) are purchased and/or exchanged in the: -
answer1. Primary market
2. Secondary market
Which of these financial resources in not a credit reporting agency? - answer Standard
and Poor's
The Federal Reserve System does not directly control which of the following? -
answer1. Levels of employment.
2. National production.
3. Inflation.
Which of these is not a negotiable instrument? - answerCrossed check
Which of these IS NOT a function of the Dept. of the Treasury? - answerProviding home
loans directly to consumers
Which of these is a major focus area of the FDIC? - answer1. Bank deposit insurance
2. Receivership management
3. Banking regulation supervision
Which of these cities IS NOT home to one of the 11 regional FHLBs? - answerSeattle
What occurs in secondary capital markets? - answerSecurities are traded between
investors
Government-sponsored agencies that provide support to the real estate finance industry
include which of the following? - answer1. 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? - answerRetail 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? - answer3.50%
Which of these acts revised the mortgage lending disclosures effective as of October
2015? - answerTILA-RESPA
What is the purpose of a Certificate of Eligibility? - answerTo 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? - answerThe
Principal Reduction Alternative
Which of these is a housing resource in Texas? - answer1. TSAHC
2. HUD - Texas
3. TDHCA
Agricultural loans make up approximately ___ of all bank loans. - answer1%
Which of these IS NOT required to request a Loan Estimate from a lender? -
answerBorrower employment history
Which of these IS NOT a focus of the Closing Disclosure? - answerInspection and
repair agreements
IPOs (initial public offerings) take place in the ________ market while MBSs (mortgage-
backed securities) sales generally occur in the ________ market. - answerPrimary,
secondary
Which of these is owned and operated as a government agency? - answerGinnie Mae
Which of these is allowed to be a part of the pool of assets forming a REMIC? -
answerSingle-family mortgages
Which is NOT generally true of commercial banks? - answerTheir primary focus is on
underwriting and the securities trade
Life Insurance Companies currently are leaning more toward _______ mortgage loans.
- answerCommercial
Mortgages and mortgage-backed securities (MBSs) make up approximately what
percent of pension fund holdings? - answer3%
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