Nmls safe exam 2022 2023 - Study guides, Class notes & Summaries

Real Estate Settlement Procedures Act (RESPA) is implemented as: - Answer - A. Regulation B B. Regulation X C. Regulation A D. Regulation Z B. Which government agency enforces the RESPA regulations? - Answer - A. CFPB B. FCC C. FHA D. FTC A. RESPA is concerned with: - Answer - A. Kickbacks B. Credit reports C. Triggering terms in ads D. U.S. security A. The Good Faith Estimate/Loan Estimate must be sent to the borrower within how many business days of receiving a loan ...

NMLS SAFE EXAM 2022 Study Guide Review with Over 170 Correctly Answered Questions 2023 Update.

Primary Mortgage Market - ANSWER-Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER-When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the loan B. The borrower qualified at the buydown rate - ANSWER-When utilizing a...

Primary Mortgage Market - ANSWER-Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER-When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the loan B. The borrower qualified at the buydown rate - ANSWER-When utilizing a...

NMLS SAFE EXAM 2022/2023 1. What does TILA stand for?: Truth-In-Lending Act, Regulation Z 2. What is a HELOC loan?: a secured loan in that you are borrowing against the equity that has been built in your house 3. What is a REFI loan?: 4. LTV stands for: Loan to Value 5. Define PMI and state what the acronym stands for.: Private mortgage insurance- on conventional loans 6. Define one time variable funding fee and people in what situations is it waived for?: Disabled veterans and surviving...

NMLS SAFE EXAM COMLETE SOLUTION ( A+ GRADED 100% VERIFIED) LATEST 2022/ 2023 Primary Mortgage Market - ANS Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANS When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the l...

SAFE-NMLS-MLO-CA Exam Study (FULL SET)2023 LATEST UPDATE

NMLS SAFE EXAM REVIEW QUESTIONS WITH ANSWERS 2022/2023(UNITECH TRAINING ACADEMY)