Hud housing counseling - Study guides, Class notes & Summaries

HECM Test Study Guide A Counseling Agency's failure to follow all basic requirements required by HUD could result in which of the following: A. Termination of agency's HUD approval B. Suspension of agency's HUD approval C. Forfeiture of remaining federal grant funds D. Fines and or imprisonment E. a , b , and c F. all of the above - E. Termination of agency's HUD approval Suspension of agency's HUD approval Forfeiture of remaining federal grant funds T/F A counseling agency mus...

Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns - Correct Answer Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge - Correct Answer Net Income Which item in the client's budget is a fixed expense? A. Food ...

HUD Housing Counseling Exam with Complete SolutionsHUD Housing Counseling Exam with Complete SolutionsHUD Housing Counseling Exam with Complete Solutions Back-end ratio - ANSWER-The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by ...

HUD Housing Counseling Exam Questions and Answers (Graded A) HUD Housing Counseling Exam Questions and Answers (Graded A) HUD Housing Counseling Exam Questions and Answers (Graded A) Rental Obstacle + Solutions: Low Income - ANSWER--Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER-Pr...

HUD Housing Counseling Exam Questions and Answers (Graded A)HUD Housing Counseling Exam Questions and Answers (Graded A)HUD Housing Counseling Exam Questions and Answers (Graded A) Civil Rights Act of 1866 - ANSWER-Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - ANSWER-banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 ...

HUD Housing Counseling Exam Questions and Answers 100% Pass Civil Rights Act of 1866 - Correct Answer ️️ -Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - Correct Answer ️️ -banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 - Correct Answer ️️ -added gender (sex) to the protected classes Fair Housing Amendments ...

HUD Housing Counseling Exam 2023/2024 Back-end ratio The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly inco...

HUD Housing Counseling Exam Civil Rights Act of 1866 - answerFederal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - answerbanned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 - answeradded gender (sex) to the protected classes Fair Housing Amendments Act of 1988 - answerAdded Disability and familial status to protected classes. Rea...

HUD Housing Counseling Questions and Answers (latest Update 2024)