What does ecoa stand for - Study guides, Class notes & Summaries

What does RESPA stand for? The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? Equal Credit Opportunity Act (Regulation B) What does TILA stand for? Truth In Lending Act (Regulation Z) What does TRID stand for? TILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe") What does CFPB stand for? Consumer Financial Protection Bureau What does NMLS stand for? Nationwide Mortgage Licensing System and Registry ...

What does RESPA stand for? The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? Equal Credit Opportunity Act (Regulation B) What does TILA stand for? Truth In Lending Act (Regulation Z) What does TRID stand for? TILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe") What does CFPB stand for? Consumer Financial Protection Bureau What does NMLS stand for? Nationwide Mortgage Licensing System and Registry ...

Mortgage Loan Originator Exam Latest Update...

NMLS Flashcards 2024 Questions and Answers Graded A+ -AfBA/ABA stands for? -What is it? -Affiliated Business Arrangement -If referring client to another business of yours (1%) then you must disclose ASAP Other ways to say "Doc Signing" -Loan consummation -Loan Settlement -Loan Closing Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:11 / 0:15 Full screen What is an escrow account? -account holding money for insurance...

The set of distinctive features of a society or group, including but not limited to values, beliefs, and norms, that ties together members of that society or group and that drives action and behavior. - ANSWER-Culture What is a seminal event? - ANSWER-A historical moment that marks a significant turning point for a given society and carries the seeds for future developments for that group. Define and describe PMESII-PT. - ANSWER-Political Military Economic Social Information Infrast...

NATIONAL FINANCE EXAM PREP | questions and answers 2023/24 Advantages of Real Estate Investment: (3 things) - Above average rate of return Tax benefits Land can never be depreciated. Disadvantages of Real Estate Investment: (3 things) - Not highly liquid The purchaser of investment property must be prepared to "invest" for the long haul Market conditions are changing all the time. What is the total amount of money remaining after all expenditures have been paid including taxes, oper...

NMLS SAFE EXAM 2022/2023 question already solved What does TILA stand for? Truth-In-Lending Act, Regulation Z What is a HELOC loan? a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? ... LTV stands for Loan to Value Define PMI and state what the acronym stands for. Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived ...

NMLS MLO Exam Question with answers already solved 2023What must a borrower do to avoid having late payments reported to a credit bureau? Pay within 30 days of due date Max penalty if a borrower is required to use a specific title company or settlement agent? 3 times the fee What should not be over-weighted in an analysis of borrower repayment capacity? Credit scores Max prepayment penalty on residential mortgages in the first year of the loan 3% What must condo...

What does RESPA stand for? - The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? - Equal Credit Opportunity Act (Regulation B) What does TILA stand for? - Truth In Lending Act (Regulation Z) What does TRID stand for? - TILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe") What does CFPB stand for? - Consumer Financial Protection Bureau What does NMLS stand for? - Nationwide Mortgage Licensing System and Registry What is SAFE and UST? - Secure...

What does D.U.S.T. stand for? - correct answer Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - correct answer Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - correct answer principle of contribution the forces acting on a parcel of land are always affecting the value of the land - correct answer PRINCIPLE OF CHANGE the legal use tha...