Ltv stands for - Study guides, Class notes & Summaries

Pam is a partner in CRL Brokerage. Her liability is limited to the amount of money she has invested. What type of partner is Pam? - Answer- Limited - Limited partners' liability is proportionate to the amount of money that partner has invested. Mr. Schroeder installed built-in bookcases that he intended to remain as part of the home forever. This refers to which part of IRMA? - Answer- Intent of the parties placing the item on the property - The I in IRMA stands for intent of the parties pla...

What does TILA stand for? - correct answer Truth-In-Lending Act, Regulation Z What is a HELOC loan? - correct answer a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - correct answer LTV stands for - correct answer Loan to Value Define PMI and state what the acronym stands for. - correct answer Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations ...

NMLS PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Correct Answer️️ - FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Correct Answer️️ -Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? - Correct Answer️️ -TAXES AND INSU...

Front End Ratio Formula (Mortgage to income/Housing expense ratio) correct answersMonthly PITI/ gross monthly income Federal Housing Finance Authority correct answersEnsures GSEs have adequate practices and capital to engage in mortgage business. LTV Formula correct answersLoan amount/value of property LTV % required to avoid PMI correct answersLess than 80% A VA loan called IRRRL stands for correct answersInterest rate reduction refinance loan Underwriters Review of capital deals...

Appraisal An Appraiser's opinion of value Principle of conformity Suggests that value is maximized when there is reasonable degree of homogeneity, or sameness, in a neighborhood USPAP Uniform Standards of Professional Appraisal Practice Uniform Standards of Professional Appraisal Practice Standards that have been established by the Appraisal Standards Board of the Appraisal Foundation Ad Valorem According to value Principle of progression The value of a ...

MLO SAFE NMLS Safe Test Practice Questions And Answers (Verified And Updated) Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - answerPredatory Lending. RESPA-Real Estate Settlement Procedures Act - answerThe Federal Statute that deals with the settlement of residential mortgage loans. RESPA's section 9 Prohibits - a...

Real Estate Finance Essentials Exam Study Guide Rated A+ Financial leverage is described as using other people's money to acquire something of value. A couple would be able to make a wedding gift to their daughter and her new husband of up to $56,000. Special provisions for agricultural loans may include any of the following EXCEPT follow a rigid payment program. One of the primary duties of the Federal Housing Finance Agency is to regulate Fannie Mae and Freddie Mac. The primary activity t...

What does TILA stand for? - correct answer Truth-In-Lending Act, Regulation Z What is a HELOC loan? - correct answer a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - correct answer LTV stands for - correct answer Loan to Value Define PMI and state what the acronym stands for. - correct answer Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it...

NMLS Safe Exam With Complete Updated Questions And Answers 2024

NMLS PRACTICE QUESTIONS with complete solutions 2023which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? TAXES AND INSURANCE in a qualification of an applicant who receives ...