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AYPO Real Estate_ Real Estate Finance Final Exam Review WITH 100- SURE ANSWERS
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AYPO Real Estate_ Real Estate Finance Final Exam Review WITH 100- SURE ANSWERS
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EUNICEAYPO Real Estate: Real Estate Finance Final Exam Review
WITH 100% SURE ANSWERS
Terms in this set (125)
Which of these is not among the generally Inheritance
reliable market source for home finance?
An amortized loan is best described by One that is paid off with a fixed schedule in regular installments over time.
which of the following?
Which of these is not one of the four Demand
phases of the real estate cycle?
Investment products (such as securities) are 1. Primary market
purchased and/or exchanged in the: 2. Secondary market
Which of these financial resources in not a Standard and Poor's
credit reporting agency?
1. Levels of employment.
The Federal Reserve System does not
2. National production.
directly control which of the following?
3. Inflation.
Which of these is not a negotiable Crossed check
instrument?
Which of these IS NOT a function of the Providing home loans directly to consumers
Dept. of the Treasury?
1. Bank deposit insurance
Which of these is a major focus area of the
2. Receivership management
FDIC?
3. Banking regulation supervision
Which of these cities IS NOT home to one Seattle
of the 11 regional FHLBs?
What occurs in secondary capital markets? Securities are traded between investors
Government-sponsored agencies that 1. Federal Deposit Insurance Corporation (FDIC)
provide support to the real estate finance 2. U. S. Department of the Treasury
industry include which of the following? 3. Federal Home Loan Banks
1/6
, The FHA assists in providing mortgage Retail business establishments.
insurance for all of these, except for which
of the following?
If a borrower has credit scores above 580, 3.50%
the required downpayment on an FHA-
backed loan is normally what percent of
the value of the property?
Which of these acts revised the mortgage TILA-RESPA
lending disclosures effective as of October
2015?
What is the purpose of a Certificate of To verify that the borrower is in fact allowed to receive a VA loan
Eligibility?
Which of the following is a part of the The Principal Reduction Alternative
Making Home Affordable® Program?
1. TSAHC
Which of these is a housing resource in
2. HUD - Texas
Texas?
3. TDHCA
Agricultural loans make up approximately 1%
___ of all bank loans.
Which of these IS NOT required to request Borrower employment history
a Loan Estimate from a lender?
Which of these IS NOT a focus of the Inspection and repair agreements
Closing Disclosure?
IPOs (initial public offerings) take place in Primary, secondary
the _____ market while MBSs (mortgage-
backed securities) sales generally occur in
the _____ market.
Which of these is owned and operated as a Ginnie Mae
government agency?
Which of these is allowed to be a part of Single-family mortgages
the pool of assets forming a REMIC?
Which is NOT generally true of commercial Their primary focus is on underwriting and the securities trade
banks?
Life Insurance Companies currently are Commercial
leaning more toward _____ mortgage loans.
Mortgages and mortgage-backed 3%
securities (MBSs) make up approximately
what percent of pension fund holdings?
1. Credit union mortgage loans can take longer to close because their underwriting
process can be slower than a bank's.
2. Credit unions most frequently keep the mortgages that they write in their own
Which of these is true of credit unions?
portfolios.
3. Some credit unions help new homebuyers with costs by refunding a portion of the
real estate agent commission.
The mortgage broker can work with multiple lenders and only gets paid if the loan
The differences between mortgage
closes, while mortgage bankers are salaried employees of the lender and work only
bankers and mortgage brokers are:
with that lender.
2/6
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