Non recourse - Study guides, Class notes & Summaries

The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: a. 0. b. 0.01% of the Maximum Claim Amount. c. 1% of the Maximum Claim Amount. d. 1.25% of the Maximum Claim Amount. - ANSWER-b If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: a. 15% of the maximum claim amount. b. 100% of the actual cost of repairs. c. 100% of the estimated cost of...

all else equal, a higher discount rate will... - DECREASE the PV of future cash flows the feasibility of new construction is dependent on the relationship btwn current property prices + cost of new construction. the supply of properties will increase if... - the current property values are greater than the cost of construction (all about profit @ the end of the day) what is the direct capitalization method anyway? - it's when the value estimates are based on a multiple of expected first ...

Dustin Cole SCMN 3730 Final Exam with Verified Answers Kraljic's purchasing matric High : Leverage, Strategic Low: Non- Critical, Critical/Bottle Neck Low,High Kraljic's purchasing requirements and focus - Strategic item's - Bottleneck item's - Leverage item's - non-critical item's Kraljic's management types - Focus - KPI - Typical Suppliers - Time Horizon - Item's purchased - Supply - Decision authority economies of scale Occur when costs per unit decline as th...

NMLS Review Practice Exam Questions 2024. 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - correct answer •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - correct answer cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - correct...

ETH 321 - DL Week 4 Practice Assignment Questions and Answers Graded A+ What are compensatory damages? Damages awarded to return a non-breaching party to its former position Which of the following would qualify as valid consideration? 6.4: Consideration Carlie contracts with her landlord to pay for rent by landscaping the property and cleaning and painting empty apartments. Carlie's consideration is work and the landlord's consideration is Carlie's housing. All other response...

CPWA Exam Questions & Answers 2023/2024 IRS forms - ANSWER-1040 Individuals 1065 partnerships Schedule A itemized deductions Schedule K-1 partnership distributions AGI - ANSWER-Wages, salaries + ordinary dividends + rental real estate income= total income - Qualified plan/IRA contribution= AGI AGI Self Employed - ANSWER-LLC Income + other income = total income -(SUBTRACT) HSA, half self-employment tax paid, SEP contribution, self-employed health insurance deduction = AGI Ab...

Final Exam - California Life Only Questions and Answers 100% Pass According to the California Insurance Code, what is "insurance"? - Correct Answer ️️ - A contract Which of these statements correctly describes risk? - Correct Answer ️️ -Pure risk is the only insurable risk Only pure risks are insurable Which of the following does NOT have to be included on life insurance policy illustrations? - Correct Answer ️️ -Statement that all values and benefits are guaranteed An ag...

In a hospital setting, a caregiver must inform a patient there is no cure for the patient's disease. To avoid possibly causing serious psychological harm by telling the patient, "There is nothing else I can do for you," the caregiver tells the patient, "Although there is currently no cure for your disease, I will treat your symptoms and make you more comfortable. I will also keep you informed as to any significant research regarding development of a cure for your disease." Which ethical...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

NATIONAL REAL ESTATE EXAM PRACTICE TEST LATEST UPDATE GRADED A+ In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased pro...