Nmls compucram - Study guides, Class notes & Summaries
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NMLS SAFE Test Compucram question and answers rated A+ 2023 passed
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NMLS SAFE Test Compucram question and answers rated A+ 2023 passedA borrower who has a FICO score below 580, is required to make a minimum down payment of at least _____% for an FHA loan. - correct answer 10% What is the maximum seller concession for an FHA loan? - correct answer 6% When evaluating rental income that is not reported on current tax returns, the lender will use a portion of the gross rental income. The amount of the portion that can be used is - correct answer 75% What ty...
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NMLS SAFE Test Compucram | Questions with 100% Correct Answers | Latest Update 2024 | Verified
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NMLS SAFE Test Compucram | Questions with 100% Correct Answers | Latest Update 2024 | Verified
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NMLS Test Prep CompuCram Test Questions | 120 Questions with 100% Correct Answers | Updated & Verified
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A borrower signs the note and mortgage for a refinance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)? - Wednesday, Jan. 6 Who manages the National Do Not Call Registry? - Federal Trade Commission What federal legislation regulates credit reporting agencies and lenders concerning credit reporting? - FCRA What is not prohibited to be included in the loan terms for HOEPA covered i...
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