Hud terms - Study guides, Class notes & Summaries

HUD Certification Exam 2024 Questions and Answers (Graded A) HUD Certification Exam 2024 Questions and Answers (Graded A) HUD Certification Exam 2024 Questions and Answers (Graded A) Deed Restrictions - ANSWER-Legally enforceable terms that govern the use of real estate Redlining - ANSWER-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial ...

HUD - ️️Allocates funds, develops regulations and procedures, contracts with PHAs to carry them out, and monitors PHA performance & compliance. Lease - ️️The contract between a tenant and a landlord Includes: a. The names of the owner and tenant b. The address of the unit rented c. The term of the lease (initial and renewal terms) d. A specification of what utilities and appliances are to be supplied by the owner e. A specification of what utilities and appliances are to be ...

HUD Exam HUD Exam - Fair Housing Questions and Answers 100% VerifiedHUD Exam - Fair Housing Questions and Answers 100% VerifiedHUD Exam - Fair Housing Questions and Answers 100% VerifiedFair Housing Questions and Answers 100% Verified Which describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds - ANSWER-B. Deed Restrictions -Deed restrictions are legally enforceable te...

Multifamily Housing Specialist Certification (MHS) Exam Final with Correct Questions and Answers 100% A+ Graded Rental assistance under the project-based Section 8 program is tied to: a. The resident b. The project - CORRECT ANSWER-a. The project No new project-based Section 8 HAP contracts may be executed by HUD with the exception of contracts executed under the RAD PBRA program a. True b. False - CORRECT ANSWER-a. True CAs and PBCAs typically perform all of the following functions...

HUD - Answer Allocates funds, develops regulations and procedures, contracts with PHAs to carry them out, and monitors PHA performance & compliance. Lease - Answer The contract between a tenant and a landlord Includes: a. The names of the owner and tenant b. The address of the unit rented c. The term of the lease (initial and renewal terms) d. A specification of what utilities and appliances are to be supplied by the owner e. A specification of what utilities and appliances are...

HUD Housing Counseling Exam Questions with complete solution 2023/2024Civil Rights Act of 1866 - correct answer Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - correct answer banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 - correct answer added gender (sex) to the protected classes Fair Housing Amendments Act ...

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 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% Correct 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, ...

HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANS...

HUD Housing Counselor Module- Avoiding Foreclosure Exam Questions and Answers 100% Pass Which of the following did NOT contribute to the increase in foreclosure rates during the mortgage crisis? - Risky loan products with features like negative amortization - Homeowners paying off mortgages early - Aggressive marketing of Home Equity Line of Credits (HELOC) - Using teaser rates to qualify more borrowers - Correct Answer ️️ -Homeowners paying off mortgages early This program made it ...