MORTGAGE GUARANTY INSURANCE... - correct answer Insurance for lender against
lost from private mortgage insurance companies (PMICs).
Mortgagee... - correct answer Lender or creditor
Mortgagor... - correct answer A borrower
MULTIPLE LISTING SERVICE MLS... - correct answer Association of real estate
agents, pooling of listings, sharing of commissions
Negative Amortization... - correct answer Occurs when monthly payments are
insufficient to pay the interest on the principal balance, unpaid interest is added to the principal due.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RealGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
