Hud exam fair housing 2 - Study guides, Class notes & Summaries

HUD Housing Counseling Exam accurRental 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 Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shoppin...

HUD Exam - Fair Housing 2

HQS EXAM Questions and Answers | Latest Update | 2024/2025 | Already Passed Can a Public Housing Agency (PHA) deny approval of a Housing Assistance Payments (HAP) contract with an owner who has a history of failing to comply with Housing Quality Standards (HQS)? (1) Yes (2) No 1 Is the landlord responsible for fixing every item that fails HQS? (1) Yes (2) No 2 If a Housing Choice Voucher (HCV) family causes their unit to fail HQS, what action can the PHA take? (1) Requ...

Hud Prep Final Actual Exam 2024 Conventional Loan - CORRECT 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 - CORRECT ANSWER-Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - CORRECT ANSWER-Front end 33% Back end 45% VA - CORRECT ANSWER-41% USDA - CORRECT ANSWER-Front End 29% Back End 41%, ...

NJ Real Estate Part #2 Exam Questions with Correct Answers from an elderly woman who has lived there for many years. Valerie enters into a contract to have Boffo Builders construct a new home for her in the new Settling Pond development. If a hazardous waste landfill is discovered within a quarter mile of either of these properties, what will be the result? c. the previous owner's suicide - Answer-All of the following would be considered material information in NJ except the following: ...

NMLS EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATENMLS EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATENMLS EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATENMLS EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATE 1) Mortgage loan fraud is reported at what level? A. State B. Federal C. County D. City - ANSWER-B. Mortgage Fraud is reported to the FBI and to HUD ( The United States Department of Housing and Urban Development is a Cabinet department in the executive branch of the U.S. federal government) 2) Titl...

HUD Housing Counseling Exam Correctly Solved 100% Correct!! Civil Rights Act of 1866 Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 added gender (sex) to the protected classes Fair Housing Amendments Act of 1988 Added Disability and familial status to protected classes. R...

HUD Exam Prep Correct Questions and 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 li...

NMLS SAFE EXAM Questions And Answers (Verified And Updated) Where credit institutions originate loans - answerPrimary Mortgage Market 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 - answerC. The maximum the rate can increase over the life of the loan When utiliz...

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 ...