Cost of funds index cofi - Study guides, Class notes & Summaries

NMLS Practice Test with correct answers 20231) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. second mortgage 4) Explain...

URAR is the acronym for: 1. Uniform Residential Appraisal Report 2. Uniform Real Estate Appraisal Report 3. Universal Residential Appraisal Report - ANSWER-Correct answer is: 1 Uniform Residential Appraisal Report PR is the generally accepted acronym for: 1. Premium Title Report 2. Present Time Reclamation Association 3. Preliminary Title Report 4. Preliminary Tax Report - ANSWER-Correct answer is: 3 Preliminary Title Report PMI is the acronym for : 1. Preliminary Mortgage Invest...

NMLS Practice Test Questions and Answers Rated A Document Content and Description Below NMLS Practice Test Questions and Answers Rated A 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index i s defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mort...

NMLS Practice Test Questions with accurate answers. 100% Accurate. Graded A Document Content and Description Below NMLS Practice Test Questions with accurate answers. 100% Accurate. Graded A 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - cost of fund index 3) Subordinate financing relates to •seller financing...

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 Answer: second mortgage 4) Explain what I...

NMLS Practice Test 100% correct1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. second mortgage 4) Explain what Investo...

(Joint tenancy)The four unities that must exist for this type of ownership to exist are: - answer-1.Interest: Each owner has the same interest. 2.Possession: All owners hold an undivided interest. 3.Time: All owners receive their interest at the same time. 4.Title: All owners acquire their interest with the same deed. (Math) Interest Per year - answer-Loan $ (x) interest % (/) year = Interest Dollars Per Year A brokers commission is specified in the ______ with the principal. - answer-c...

NMLS PRACTICE TEST REVIEWS WITH ANSWERS 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - ANSWER-•90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - ANSWER-cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - ANSWER-s...

Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? - ANSWER-Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owner-occupied, residential refinance? - ANSWER-After 3 business-day rescission period...

1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days •90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. second mortgage 4) Explain what Investors with non-recourse loans mean? •Borrower does not ...