Hmda test - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Hmda test? On this page you'll find 92 study documents about Hmda test.
Page 2 out of 92 results
Sort by
-
Prepxl Practice Test 3: Exam Review Questions and answers/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
- Exam (elaborations) • 24 pages • 2024
-
Available in package deal
-
- $11.49
- + learn more
Prepxl Practice Test 3: Exam Review 
Questions and answers/ 
In January of 2020, Wella and Kip agreed to purchase a home at a purchase price of $546,300. They 
would like to hold onto as much of their savings as they can, but they have chosen to make a down 
payment sufficient enough to qualify for a conforming loan. What is the minimum down payment they 
can make to reach the conforming loan limit but still retain savings? 
- $47,900 
- $35,900 
- $95,800 
- $54,900 - -$35,900. 
The down p...
-
NMLS PRACTICE QUESTIONS AND ANSWERS
- Exam (elaborations) • 19 pages • 2023
-
- $12.49
- + learn more
which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Answer- FEDERAL RESERVE SYSTEM 
 
the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Answer- Acceleration Clause 
 
at closing a borrower may deposit funds to establish reserves for which of the following? - Answer- TAXES AND INSURANCE 
 
in a qualification of an applicant who receives child support and alimony - Answer- C...
-
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE
- Exam (elaborations) • 79 pages • 2023
- Available in package deal
-
- $16.99
- + learn more
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 
2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE 
TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND 
ABOVE PASSRATE GUARANTEE 
MUST NOT MISS 
 FEDERAL MORTGAGE RELATED LAW 
 UNIFORM STATE CONTENT 
 GENERAL MORTGAGE LAW 
 MORTGAGE LOAN ORIGINATION 
 ETHICS 
An annual escrow analysis is used to do which of the following? 
A. Ensure the loan is properly amortized 
B. Prevent escrow overages 
C. Reduce burden on the servi...
-
HMDA Exam Prep Test | Questions with 100% Correct Answers (A Rated)
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
Purpose of HMDA: - ANSWER (1) Provide public with info that will help show whether financial 
institutions are serving the housing credit needs of the neighborhoods and communities in 
which they are located; AND 
(2) Help public officials in targeting public investments from the private sector to areas where 
they are needed 
Covered Depository Institutions under HMDA - ANSWER (1) *On the preceding DECEMBER 
31ST*, had assets in excess of annually published FFIEC thresholds *(in excess of $44 M...
-
20 Hour SAFE Comprehensive Questions with Verified Answers
- Exam (elaborations) • 10 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
20 Hour SAFE Comprehensive 
Questions with Verified Answers 
 
The appraisal approach that is used as the best indicator of value for existing properties is 
__________ Market Data Approach 
 
Mortgage Loan originators who make cold calls must comply woth the requirements of the 
National Do-Not-Call rules. The loan originator needs to update any download of the registry at 
least every ___________ 31 days 
 
The Truth in Lending Act is contained in Title I of the ________ Consumer Credit 
Prote...
Fear of missing out? Then don’t!
-
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE
- Exam (elaborations) • 79 pages • 2024
-
- $17.99
- + learn more
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 
2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE 
TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND 
ABOVE PASSRATE GUARANTEE 
MUST NOT MISS 
 FEDERAL MORTGAGE RELATED LAW 
 UNIFORM STATE CONTENT 
 GENERAL MORTGAGE LAW 
 MORTGAGE LOAN ORIGINATION 
 ETHICS 
An annual escrow analysis is used to do which of the following? 
A. Ensure the loan is properly amortized 
B. Prevent escrow overages 
C. Reduce burden on the servi...
-
MLO - Laws/Regulations Questions and Answers | Latest Update | 2024/2025 | Already Passed
- Exam (elaborations) • 24 pages • 2024
-
Available in package deal
-
- $10.12
- + learn more
MLO - Laws/Regulations Questions and 
Answers | Latest Update | 2024/2025 | 
 
Already Passed 
 
____ copies of the Notice of Right to Rescind must be given to every borrower with the right to 
rescind. 2 
 
_____ hours of continuing education is required every year. 8 
 
_____ hours of pre-licensing education is required for state-licensed MLOs. 20 
 
____________________ ratios are DTI ratios that take into account the payment of the monthly 
mortgage divided by the gross monthly income of the...
-
MLO SAFE NMLS Safe Test Practice Questions And Answers (Verified And Updated)
- Exam (elaborations) • 29 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
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...
-
NMLS PRACTICE TEST 2023 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 79 pages • 2024
-
- $14.99
- + learn more
NMLS PRACTICE TEST 2023 
QUESTIONS WITH COMPLETE 
SOLUTIONS 
 
An annual escrow analysis is used to do which of the following? 
A. Ensure the loan is properly amortized 
B. Prevent escrow overages 
C. Reduce burden on the servicer 
D. Report underwriting errors -CORRECT ANSWER 
-- B. Prevent escrow overages 
The disclosure requirements of RESPA would apply to which of the following 
loans? 
A. A loan to purchase 75 acres of land 
B. A farm loan 
C. A loan to purchase a property that includes a g...
-
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE
- Exam (elaborations) • 79 pages • 2023
-
- $13.49
- + learn more
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 
2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE 
TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND 
ABOVE PASSRATE GUARANTEE 
MUST NOT MISS 
 FEDERAL MORTGAGE RELATED LAW 
 UNIFORM STATE CONTENT 
 GENERAL MORTGAGE LAW 
 MORTGAGE LOAN ORIGINATION 
 ETHICS 
An annual escrow analysis is used to do which of the following? 
A. Ensure the loan is properly amortized 
B. Prevent escrow overages 
C. Reduce burden on the servi...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia