Hud exa - Study guides, Class notes & Summaries

Types of Credit Used - ANSWER Student loan or credit cards only FAKO scores - ANSWER purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - ANSWER free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER dispute bill error/mail 60 days/creditor 30 days acknowledge and 90 d...

% Impact of Account Payment History on Credit Score - Answer-35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - Answer-30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - Answer-15% portion of score based don the overall length of credit history in the report, a...

HUD Exa Questions with complete solution 2024 verified to passWhich describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds - correct answer B. Deed Restrictions -Deed restrictions are legally enforceable terms that govern the use of real estate. Deed restrictions that discriminate based on any of the seven prohibited bases for discrimination are illegal and unenfor...

HUD Exam Prep Already Graded A+ Conventional Loan Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA Front end 33% Back end 45% VA 41% USDA Front End 29% Back End 41%, low-to-moderate income, must live rural area, no down payment, competitive ...

Conventional Loan - ANSWER Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - ANSWER Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - ANSWER Front end 33% Back end 45% VA - ANSWER 41% USDA - ANSWER Front End 29% Back End 41%, low-to-moderate income, must live rural area, no down payment, comp...

% Impact of Account Payment History on Credit Score - ANSWER 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - ANSWER 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - ANSWER 15% portion of score based don the overall length of credit history in the repor...

HUD EXAM PREP COMPLETE QUESTIONS and ANSWERS! Types of Credit Used - ANSWER Student loan or credit cards only FAKO scores - ANSWER purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - ANSWER free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) - ANSWER dispute bill error/m...

HUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERS Telephone Customer Services: correct answerAssistance provided by the financial institution over the phone to help customers with HUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERSHUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERSHUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERSHUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERSHUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERSHUD EXAM 2023/2024 GRADED A WITH VERIFIED ANSWERSHUD EXAM 2023/2024 GRADED...

HUD EXAM PREP QUESTIONS WITH CORRECT SOLUTIONS (GRADED A)

HUD Exam Prep (LATEST UPDATE) Questions with Answers