Secondary mortgage market - Study guides, Class notes & Summaries

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

Complete Test Bank for Real Estate Finance & Investments, 2024 Release by William B. Brueggeman, Jeffrey D. Fisher ; ISBN13: 9781265064846.....(Full Chapters included Chapter 1 to 23)...1 Real Estate Investment Basic Legal Concepts 2 Real Estate Financing Notes and Mortgages 3 Mortgage Loan Foundations The Time Value of Money 4 Fixed Interest Rate Mortgage Loans 5 Adjustable and Floating Rate Mortgage Loans 6 Mortgages Additional Concepts, Analysis, and Applications 7 Single-Family H...

Primary Mortgage Market - ANS The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transaction. Mortgage brokers, mortgage bankers, credit unions and banks are all part of the primary mortgage market. Secondary Mortgage Market - ANS A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages. Commercial Banks - ANS Working capital is primarily generated through depos...

_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANS Closing The primary determinants of real estate values are supply and _____. - ANS Demand _____ is something of value that can be pledged as security for repayment of a loan. - ANS Collateral Servicing includes which of the following activities? - ANS Maintaining records of payment The monet...

Federal National Mortgage Association (FNMA) known as, Fannie Mae - Answer-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - Answer-in 1970 for the purpose of purchasing mortg...

LOAN ORIGINATOR EXAM 2024 WITH 100% ACCURATE SOLUTIONS A MLO must provide the Loan Estimate (LE) to the consumer: - correct answer No later than the THIRD BUSINESS DAY after the creditor receives the consumer's application for a mortgage loan After a loan closing, funds are disbursed. When are the funds disbursed for an owner-occupied residential refinance? - correct answer After the THREE BUSINESS-DAY recission period In a criminal case, a person who violates Section 8 may be fined ...

Texas Principles of Real Estate II (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct Q: Principle of Contribution? Answer: A component part of a property is valued in proportion to its contribution to the value of the whole. Holds that maximum values are achieved when the improvements on a site produce the highest (net) return, commensurate with the investment. Q: Principle of Competition? Answer: Holds that profits tend to breed competition and excess profits tend to...

ACME Home Loans is a private lender with a strict policy of limiting originations to conventional qualified mortgages with minimum loan amounts of $300,000. To ensure compliance with this policy, loan originators are instructed to refuse to accept applications from consumers who want loan amounts of less than $300,000, or who have debt-to-income ratios of 44% or more. This policy is: - Not a violation of any federal fair lending law - Potentially unlawful under the disparate impact theory ...

REE4204 EXAM QUESTIONS WITH CERTIFIED ANSWERS Environment of real estate - Answer-the institutions that create and purchase real property and the markets within which they are transferred financial intermediaries - Answer--the financial institutions that channel funds from the surplus income units to the deficit income units -commercial banks -thrift instituions- S&L associations and mutual savings banks -investment companies-pool the funds of savers and invest the funds in a portfolio ...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...